Cardano and Dogecoin Spike 6% as Bitcoin Struggles at $33K (Market Watch)

Cardano and Dogecoin Spike 6% as Bitcoin Struggles at $33K (Market Watch)


After the most recent roller-coaster, bitcoin’s struggles continue as the asset seems stuck around $33,000. While most altcoins have also failed to produce significant gains, ADA and DOGE have jumped by impressive percentages.

Bitcoin Stalls Around $33K

The past several days reminded the community about BTC’s enhanced volatility. The asset went from a high of $36,000 all the way down to $28,500 in a matter of hours, which became its lowest price point in over five months.

Yet, that was not all, as it reclaimed more than $5,000 of value in hours as reported yesterday. The bulls kept pushing it upwards and bitcoin pumped to a daily high of just shy of $35,000.

However, after numerous more bearish signs, the cryptocurrency reversed its trajectory once more. It dropped by about $2,500, and despite recovering a few hundred dollars since then, it currently struggles just below $33,000.

bybit

Its market dominance has also declined by 0.5% since yesterday, as some alternative coins have charted impressive gains.

BTCUSD. Source: TradingView

Cardano and Dogecoin Rise

Most alts mimicked BTC’s fluctuations in the past few days and have stalled or retraced in the past 24 hours. Ethereum, which dumped below $1,700 and then bounced back up to over $2,000, is down by 4% since yesterday. As a result, the second-largest crypto stands at just over $1,900.

Ripple (-1.5%), Polkadot (-4%), and Uniswap (-5%) are in the red as well, while Bitcoin Cash and Litecoin have marked minor gains.

Binance Coin is up by 2.5% to just shy of $300. However, Cardano and Dogecoin have displayed the most significant gains from the top ten. DOGE has jumped by 7% to $0.23, while ADA is up by 5% to above $1.3.

Cryptocurrency Market Overview. Source: Quantify Crypto
Cryptocurrency Market Overview. Source: Quantify Crypto

Klaytn is the most impressive performer in the past 24 hours after a 35% pump. This comes after news that it was listed on Binance Launchpool.

More gains come from Ankr (22%), Quant (20%), TRON (15%), Bitcoin Gold (11%), and Huobi Token (10%). In contrast, Aave (-12%), Compound (-11%), Maker (-11%), NEAR Protocol (-10%), and RUNE (-10%) have declined by double digits.

SPECIAL OFFER (Sponsored)
Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.

Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

Pin It on Pinterest