{"id":14186,"date":"2024-10-16T08:51:02","date_gmt":"2024-10-16T08:51:02","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=14186"},"modified":"2024-10-16T08:51:02","modified_gmt":"2024-10-16T08:51:02","slug":"crypto-markets-add-140-billion-in-2-days-as-bitcoin-btc-exploded-to-68k-market-watch","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=14186","title":{"rendered":"Crypto Markets Add $140 Billion in 2 Days as Bitcoin (BTC) Exploded to $68K (Market Watch)"},"content":{"rendered":"

Bitcoin went through a massive rollercoaster yesterday by surging to a multi-month peak of $68,000, dumping by several grand before calming at around $67,000.<\/p>\n

Litecoin and Dogecoin have popped up as today\u2019s top performers from the larger-cap alts, both jumping by around 6%.<\/p>\n

BTC\u2019s Peak, Retracement, Calmness<\/h2>\n

It was just last Thursday when the cryptocurrency landscape was quite dire, with BTC dumping hard to a monthly low of under $59,000. However, the bulls managed to intercept the move and helped the asset recover almost all losses by the weekend.<\/p>\n

As such, bitcoin stood around $63,000 on Saturday and Sunday but went on the offensive hard<\/a> on Monday and Tuesday. This culminated yesterday with a price surge<\/a> to $68,000, which left over $250 million in liquidations.<\/p>\n

However, the aset failed to maintain its run at first and was pushed south by about three grand within minutes. Nevertheless, the bulls prevailed once again, and BTC currently trades above $67,000, being 2% up in the past 24 hours.<\/p>\n

This rally, which is likely fueled by the growing demand<\/a> for the spot ETFs, has pushed bitcoin\u2019s market cap to nearly $1.330 trillion. Its dominance over the alts has also soared to 55%, according to CG data.<\/p>\n

<\/a>Bitcoin\/Price\/Chart 16.10.2024. Source: TradingView<\/p>\n

DOGE, LTC Jump<\/h2>\n

Most altcoins charted impressive gains yesterday and were also on BTC\u2019s rollercoaster. Looking at a 24-hour scale, though, the landscape is a lot calmer.<\/p>\n

Ethereum, Binance Coin, Solana, Ripple, and Tron are all with either insignificant gains or minor losses. However, DOGE has shot up by more than 6% within the same timeframe and now trades above $0.124.<\/p>\n

Litecoin\u2019s daily surge is identical, and LTC now trades north of $70. Still, the total crypto market cap has gained about $30 billion since yesterday and a whopping $130 billion in the past two days alone. The metric is now above $2.4 trillion on CG.<\/p>\n

<\/a>Cryptocurrency Market Overview. Source: Coin360<\/p>\n

The post Crypto Markets Add $140 Billion in 2 Days as Bitcoin (BTC) Exploded to $68K (Market Watch)<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin went through a massive rollercoaster yesterday by surging to a multi-month peak of $68,000, dumping by several grand before calming at around $67,000. Litecoin and Dogecoin have popped up as today\u2019s top performers from the larger-cap alts, both jumping by around 6%. BTC\u2019s Peak, Retracement, Calmness It was just last Thursday when the cryptocurrency […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-14186","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/14186"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14186"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/14186\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14186"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14186"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14186"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}