RIVER has entered the top 100 alts after a massive 30% surge today.
Bitcoin’s price has finally calmed after the recent volatility prompted by the quickly developing situation between the US and the EU, and remains below $90,000.
Several altcoins have posted impressive gains over the past 24 hours, especially HYPE, which was in a free-fall state for about a week before that.
BTC Stands Still Below $90K
The primary cryptocurrency traded high during the previous weekend at over $95,000. However, the geopolitical tension between the US and the EU skyrocketed after the former’s president announced a new set of tariffs if the latter’s members continue to refuse to reach a deal on Greenland.
As things progressed between the two, BTC kept dropping after the Asian and futures markets opened on Monday morning. It dumped to $92,000, but the bears kept the pressure on, and bitcoin quickly lost the $90,000 support. It fell further to a multi-week low of $87,200 on Wednesday when Trump took the stage in Davos.
However, after a long speech on numerous topics, he finally said he wouldn’t use force to take control of the island. BTC quickly surged to over $90,000 but just as rapidly returned to $88,000 and then tapped $90,000 once again as Trump said they were actually working on a deal with Denmark.
The cryptocurrency experienced more volatility on Friday, but was ultimately stopped at $91,000 and now sits below $90,000 once again. Its market cap has stalled below $1.8 trillion, while its dominance over the alts is at 57.5% on CG.
HYPE Rebounds
Ethereum continues to struggle below $3,000 even after a minor 1% increase in the past 24 hours. XRP is well below $2.00, while BNB is beneath $900. XMR and CC have posted impressive gains, and so has WLFI. HYPE is the top performer today, with a 11% surge to $23. However, the asset is down by more than 7% weekly. TRX is well in the red on a daily scale.
RIVER has entered the top 100 alts after a 32% explosion daily. MYX follows suit in terms of 24-hour gains, surging by 12% to $6.50.
The total crypto market cap has defended the $3.1 level and remains inches above it.
SECRET PARTNERSHIP BONUS for CryptoPotato readers: Use this link to register and unlock $1,500 in exclusive BingX Exchange rewards (limited time offer).
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.
