{"id":25011,"date":"2024-12-02T09:55:39","date_gmt":"2024-12-02T09:55:39","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=25011"},"modified":"2024-12-02T09:55:39","modified_gmt":"2024-12-02T09:55:39","slug":"hbar-xrp-defy-market-sentiment-as-btc-dumps-by-3k-in-hours-market-watch","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=25011","title":{"rendered":"HBAR, XRP Defy Market Sentiment as BTC Dumps by $3K in Hours (Market Watch)"},"content":{"rendered":"

Bitcoin\u2019s price actions during the weekend hinted at a potential break out toward $100,000, but Monday started on the opposite corner, slumping to $95,000.<\/p>\n

Many of the larger-cap alts are also in the red now, with SOL losing over 4% and DOGE dropping by 3%.<\/p>\n

BTC Slides to $95K<\/h2>\n

Last week saw quite a few fluctuations<\/a> for the primary cryptocurrency, with the bears taking control at the start and dumping the asset to under $91,000 on Tuesday. After that, though, the bulls took charge and initiated a few consecutive leg-ups that resulted in bitcoin exploding above $97,000 on Wednesday and nearing $99,000 on Friday.<\/p>\n

However, the cryptocurrency failed to maintain its run and retraced<\/a> during the weekend by a few grand. The Monday morning Asian trading session saw a brief price surge to over $98,000, but BTC was quickly and violently rejected.<\/p>\n

In the following hours, the asset slumped by over three grand and slipped below $95,000 for the first time since Friday. This came amid reports<\/a> that a few whales had deposited large quantities of BTC to exchanges, potentially to secure some profits.<\/p>\n

Bitcoin\u2019s current price tag means that its market cap has dropped below $1.9 trillion, and its dominance over the alts is down to 53.2% on CG.<\/p>\n

<\/a>Bitcoin\/Price\/Chart 2.12.2024. Source: TradingView<\/p>\n

XRP, HBAR on Another Planet<\/h2>\n

Most larger-cap alts have followed BTC\u2019s example with some price drops. Such examples are ETH (-2%), SOL (-4.3%), BNB (-2.6%), DOGE (-3%), and TON (-4%).<\/p>\n

In contrast, ADA, XLM, AVAX, LTC, and LINK have all posted gains of up to 17% in the Litecoin case.<\/p>\n

However, the day belongs to XRP, which is up by 22% since yesterday. Moreover, it tapped $2.5 earlier today to mark a new multi-year high and briefly became<\/a> the third-largest cryptocurrency.<\/p>\n

HBAR is another mindblowing gainer, having surged by over 26% and trading close to $0.25.<\/p>\n

The total crypto market cap, though, has declined by about 2.5% in a day and sits below $2.550 trillion now.<\/p>\n

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

The post HBAR, XRP Defy Market Sentiment as BTC Dumps by $3K in Hours (Market Watch)<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin\u2019s price actions during the weekend hinted at a potential break out toward $100,000, but Monday started on the opposite corner, slumping to $95,000. Many of the larger-cap alts are also in the red now, with SOL losing over 4% and DOGE dropping by 3%. BTC Slides to $95K Last week saw quite a few […]<\/p>\n","protected":false},"author":0,"featured_media":25012,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-25011","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\/25011"}],"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=25011"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/25011\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/25012"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=25011"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=25011"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=25011"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}