Bitcoin’s price resurgance continued in the past 24 hours as the asset jumped to a multi-week peak of $99,000 before it was stopped and pushed south by around a grand.
Many altcoins have posted impressive gains within the same timeframe, with ETH trading well above $3,500, while DOGE skyrocketed by double-digits.
BTC Eyed $99K
Ever since the mid-December crash, BTC was unable to recover most losses and has remained well below $100,000. Moreover, it plunged to a monthly low of $91,300 on Monday, December 30, with bears anticipating another leg down to under $90,000.
However, the bulls finally stepped up at this point and didn’t allow such a drop. Not without some more struggles, BTC managed to bounce off and jumped to $96,000 on December 31. It faced another rejection there, which drove it to $93,000, but this time, it reacted better and started to reclaim some ground in a more impressive manner.
As the new year arrived, bitcoin jumped to over $97,000 on January 2 and kept climbing in the past 24 hours to its highest level since December 26 of $99,000. Still, it failed there and was pushed down to around $97,000 as of now.
Its market capitalization has risen to $1.940 trillion after the recent recovery, while its dominance over the alts has taken another hit and is down to 53.3% on CG.
SUI Sees New ATH
The alternative coins have registered impressive gains over the past day as well. ETH, which had struggled below $3,500 for weeks, is well above that level after a 4.5% daily surge. SOL, XRP, ADA, AVAX, TRX, and TON are also in the green.
LINK and SHIB have jumped by around 5-7%, while DOGE skyrocketed by 14% and sits close to $0.39 after a minor retracement from its intraday peak.
SUI stands out as the top performer from the larger-cap alts. The asset skyrocketed by 17% in the past day and charted a new all-time high of well over $5.
The total crypto market cap is up by around $100 billion since yesterday and sits at $3.640 trillion on CG.
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).
LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!
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
Jordan Lyanchev
https://cryptopotato.com/sui-explodes-to-new-ath-above-5-btc-price-stopped-at-99k-weekend-watch/
2025-01-04 09:08:19
