These Altcoins Take Center Stage With Massive Gains As BTC Stops At $95,000 (Market Watch)

Bitcoin saw some volatility yesterday as it rejected $97,500 and pushed hard south by three thousand in hours before settling at just over $95,000.

Instead, numerous altcoins have outperformed, posting mind-blowing increases, including ADA, AVAX, TRX, LINK, HBAR and many others.

BTC stops at $95,000

It was just a week ago that the primary cryptocurrency fell sharply and fell below $91,000, making it its most violent correction since the Trump-induced rally began in early November. However, the asset did not stay there for long and began to recover ground in the following days.

The weekly peak came on Friday as BTC approached $99,000. However, the bears managed to defend this level and pushed bitcoin to approximately $96,500 over the weekend. Monday morning started with a rise above $98,000, but that was short-lived as BTC fell to $95,000 almost immediately.

Another roller coaster followed suit with bitcoin jumping to $97,500 before being driven south again to $94,500. Despite its recovery attempts since then, BTC is now trading inches above $95,000.

This decline means that BTC’s market cap has remained below $1.9 trillion, but its dominance over the highs has been pushed hard south. According to CoinGecko, the metric has fallen to just 52% after peaking at nearly 60% weeks ago.

Bitcoin/Price/Chart 3.12.2024. Source: TradingView These alternatives do well

The past few days have belonged to XRP and yesterday was no exception, as the asset soared 25% more at one point and approached $3 for the first time in nearly seven years. Although it has since returned to $2.6, its market cap of $150 billion still ranks it as the third largest cryptocurrency by this metric.

Other massive gains over the past 24 hours include ADA, which has soared 17%, AVAX (11%), TRX (14%), DOT (16%), LINK (27%), SUI (15%), HBAR (42%), and a few more.

The total crypto market capitalization has gained $70 billion since yesterday as everything went to the top. The metric is back above $3.6 trillion.

Cryptocurrency Market Overview. Source: QuantifyCrypto SPECIAL OFFER (Sponsored) Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive an exclusive welcome offer of $600 to Binance (full details).

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