{"id":18572,"date":"2024-11-07T09:54:04","date_gmt":"2024-11-07T09:54:04","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=18572"},"modified":"2024-11-07T09:54:04","modified_gmt":"2024-11-07T09:54:04","slug":"these-alts-surge-by-double-digits-as-bitcoin-btc-calms-after-new-all-time-high-market-watch","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=18572","title":{"rendered":"These Alts Surge by Double Digits as Bitcoin (BTC) Calms After New All-Time High (Market Watch)"},"content":{"rendered":"

Bitcoin shot up to yet another all-time high of around $76,500 earlier today but has lost some traction and now hovers at approximately $75,000.<\/p>\n

The altcoins have taken the main stage today, as Ethereum jumped by 8% and exceeded $2,800 for the first time in months, while PEPE and AAVE have tapped double-digit increases.<\/p>\n

BTC Cools Off<\/h2>\n

It\u2019s only Thursday, but this week has already become historical for the cryptocurrency markets. Bitcoin retraced hard on Monday, dropping to under $67,000 in anticipation of the US presidential elections. This meant that the asset had lost over five grand within less than a week.<\/p>\n

However, as the early results for the elections started to pop up<\/a> on Tuesday evening and especially on Wednesday morning, the cryptocurrency went on a wild run and shot up from $67,000 to over $75,000. Thus, it broke its March all-time high of $73,737 and charted<\/a> a new one.<\/p>\n

It calmed during the day but went on the offensive once again in the past 12 hours and jumped<\/a> to as high as $76,500 (on Bitstamp) to mark a fresh peak. It has lost some traction since then, currently sitting at around $75,000, but it is still 4% up weekly.<\/p>\n

Its market cap stands above $1.480 trillion, while its dominance over the alts has taken a hit and is down to 56.2%.<\/p>\n

<\/a>Bitcoin\/Price\/Chart 7.11.2024. Source: TradingView<\/p>\n

ETH Awakens<\/h2>\n

Ethereum was among the most modest performers yesterday but has finally awakened with an 8% surge. This means that the second-largest crypto has risen to a three-month peak of its own at over $2,800. XRP, ADA, LINK, and AVAX are the other notable gainers from the larger-cap alts, while DOGE has retraced by almost 4%.<\/p>\n

More substantial price increases come from the likes of ENA (32%), RAY (30%), NEIRO (22%), LDO (20%), AAVE (15.5%), and PEPE (11.5%).<\/p>\n

The total crypto market cap has added another $50 billion overnight and sits at a multi-month peak of its own at almost $2.650 trillion.<\/p>\n

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

The post These Alts Surge by Double Digits as Bitcoin (BTC) Calms After New All-Time High (Market Watch)<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin shot up to yet another all-time high of around $76,500 earlier today but has lost some traction and now hovers at approximately $75,000. The altcoins have taken the main stage today, as Ethereum jumped by 8% and exceeded $2,800 for the first time in months, while PEPE and AAVE have tapped double-digit increases. BTC […]<\/p>\n","protected":false},"author":0,"featured_media":18573,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-18572","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/18572"}],"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=18572"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/18572\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/18573"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18572"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18572"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18572"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}