Peanut the Squirrel (PNUT) Enters Top 100 After Massive Rally, Bitcoin (BTC) Fails at $90,000 (Market Watch)

Bitcoin’s mind-boggling weekly rally took the asset to a new all-time high of $90,000, but it failed to break above that level and has since rallied by several thousand.

While most altcoins have lost some traction, PNUT has entered the top 100 assets by market cap after surging 200% in the last day alone.

BTC fails at $90,000

It was a wild seven-day trading period for bitcoin. It all started last Wednesday morning when Trump took a substantial lead in the US presidential election. As its victory consolidated, the cryptocurrency broke its March all-time high of $73,737 and broke above $75,000.

More volatility ensued, driven primarily by the bulls, as the asset soared to $80,000 over the weekend. Monday began with an even more impressive surge that put bitcoin near $90,000. He couldn’t challenge this level at first, but he touched it twice yesterday.

However, it was unable to breach it, at least for now, and rejections pushed it south to five thousand euros at one point despite significant inflows into local US Bitcoin ETFs.

As of now, BTC is trading around $87,500. Its market cap has fallen below $1.740 trillion at CG, but its dominance over the alts has soared to 57%.

Bitcoin/Price/Chart 11/13/2024. Source: TradingView Welcome to the Top 100, PNUT

Starting with today’s biggest gainer, PNUT, it’s safe to say that the recently dead squirrel has hit the headlines in the crypto industry. The meme coin has skyrocketed by four digits since its launch and is up 220% in the last 24 hours alone. As such, it has entered the top 100 alternatives by market capitalization, as its own is up to $1.3 billion.

In contrast, most other altcoins have started to lose momentum. Ethereum is down 6% in the last 24 hours and is now struggling to stay above $3,150. SOL, BNB, and TON have seen similar declines, while AVAX, ADA, DOGE, SHIB, and AVAX are down as much as 14%.

TRX and SUI are the only exceptions to the larger cap alternatives currently in the green.

The total crypto market capitalization has declined by more than $100 billion from yesterday’s all-time high of more than $3.1 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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