Bitcoin has been experiencing highly-volatile price movements around $24,000, with a price drop below that line and a quick bounce off. The altcoins have also turned green today, led by substantial gains from the native tokens of ETH liquid staking solutions. Bitcoin attempted to overcome $25,000 but was stopped in its tracks, and the subsequent rejection, as well as the Wall Street crash, pushed the cryptocurrency south hard. However, the bulls stepped up and drove bitcoin to above $24,000 again, where it’s currently situated.
One of the best performers for the past few months has been Lido DAO’s native cryptocurrency due to the hype around staking services, with the last 24 hours bringing yet another massive price surge for LDO (14%). Other Ethereum-related tokens that have soared on a daily scale include Optimism and Frax Share, while Stacks, GRT, APT, VET, LINK, TONCOIN, OKB, Ethereum, Binance Coin, Ripple, Cardano, Polygon, Dogecoin, Solana, Polkadot, and Shiba Inu have all seen gains. The cumulative market cap has reclaimed the $1.1 trillion mark after dipping below that line yesterday.
Bitcoin’s price movements have been highly volatile, with the asset skyrocketing from $21,500 to beyond $25,000 last Wednesday and Thursday, before dropping by over $1,500 in hours. After attempting to overcome $25,000 and being stopped in its tracks, the cryptocurrency found itself slipping toward $23,500. However, the bulls stepped up and drove bitcoin to above $24,000 again, where it’s currently situated.
The altcoins have also seen substantial gains, with Lido DAO‘s native cryptocurrency leading the way due to the hype around staking services. Other Ethereum-related tokens that have soared on a daily scale include Optimism and Frax Share, while Stacks, GRT, APT, VET, LINK, TONCOIN, OKB, Ethereum, Binance Coin, Ripple, Cardano, Polygon, Dogecoin, Solana, Polkadot, and Shiba Inu have all seen gains. The cumulative market cap has reclaimed the $1.1 trillion mark after dipping below that line yesterday.
Overall, the cryptocurrency market has been experiencing a lot of volatility, with Bitcoin and the altcoins seeing both ups and downs. The asset skyrocketed to beyond $25,000 last Wednesday and Thursday before dropping by over $1,500 in hours. However, the bulls stepped up and drove bitcoin to above $24,000 again, and the altcoins have also seen substantial gains. The cumulative market cap has reclaimed the $1.1 trillion mark after dipping below that line yesterday.
