{"id":27868,"date":"2024-12-12T10:56:41","date_gmt":"2024-12-12T10:56:41","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=27868"},"modified":"2024-12-12T10:56:41","modified_gmt":"2024-12-12T10:56:41","slug":"crypto-markets-add-200b-daily-as-bitcoin-soars-past-100k-recovery-market-watch","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=27868","title":{"rendered":"Crypto Markets Add $200B Daily as Bitcoin Soars Past $100K: Recovery Market Watch"},"content":{"rendered":"

After a few days of price losses, bitcoin has finally gone on a tear and soared past $100,000 and even tapped $102,000 for the first time since Friday.<\/p>\n

The altcoins are also well in the green, with massive double-digit price gains from the likes of AAVE, HYPE, SUI, LINK, BEAM, and many others.<\/p>\n

BTC Jumps to $102K<\/h2>\n

The primary cryptocurrency tried to conquer the six-digit entry mark during the weekend but was stopped on a couple of occasions. The subsequent rejections<\/a> extended into the start of the business week, with two consecutive price drops to $94,400 on Monday and Tuesday.<\/p>\n

However, that line managed to provide the necessary support<\/a>, and BTC bounced off. In fact, it went on the offensive hard and jumped by almost eight grand on Wednesday as it skyrocketed to $102,000. It tapped that level twice in the span of a few hours but ultimately failed to overcome it and now sits just below $101,000.<\/p>\n

Nevertheless, this is the longest the cryptocurrency has been able to trade within six-digit territory, even though it has failed to chart a new all-time high.<\/p>\n

Its market capitalization has neared the $2 trillion level, while its dominance over the altcoins has declined slightly to 52.3%.<\/p>\n

<\/a>Bitcoin\/Price\/Chart 12.12.2024. Source: TradingView<\/p>\n

Alts on the Rise<\/h2>\n

The alternative coins suffered badly during the market correction at the start of the week, but many have recovered mindblowing gains in the past 24 hours.<\/p>\n

The double-digit price surge club is represented by AAVE (32%), HYPE (29%), SUI (26%), LINK (23%), BEAM (21%), UNI (19%), ENA (17%), APT (17%), and many others.<\/p>\n

The larger-cap alts are also in the green, albeit in a more modest fashion. ETH is up by 5.5%, XRP by 1.7%, BNB by 4.2%, and DOGE by 3%, while ADA and TRX have joined the aforementioned club with gains of 12.5% and 10%, respectively.<\/p>\n

The cumulative market capitalization has shot up by over $200 billion since yesterday and is above $3.8 trillion.<\/p>\n

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

The post Crypto Markets Add $200B Daily as Bitcoin Soars Past $100K: Recovery Market Watch<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

After a few days of price losses, bitcoin has finally gone on a tear and soared past $100,000 and even tapped $102,000 for the first time since Friday. The altcoins are also well in the green, with massive double-digit price gains from the likes of AAVE, HYPE, SUI, LINK, BEAM, and many others. BTC Jumps […]<\/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-27868","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/27868"}],"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=27868"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/27868\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=27868"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=27868"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=27868"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}