{"id":30223,"date":"2024-12-21T09:59:26","date_gmt":"2024-12-21T09:59:26","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=30223"},"modified":"2024-12-21T09:59:26","modified_gmt":"2024-12-21T09:59:26","slug":"bitcoin-eyes-99k-as-altcoins-produce-double-digit-gains-recovery-weekend-watch","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=30223","title":{"rendered":"Bitcoin Eyes $99K as Altcoins Produce Double-Digit Gains: Recovery Weekend Watch"},"content":{"rendered":"

After a few consecutive days of price slumps, bitcoin\u2019s trajectory has finally reversed as the asset popped above $99,000 earlier today.<\/p>\n

The altcoins are also in the green following the market-wide crash, with many recovering by double-digit increases on a daily scale.<\/p>\n

BTC Begins Recovery Mode<\/h2>\n

The business week began in a highly positive manner for the primary cryptocurrency, as its price surged from around $101,000 to over $108,000 by Tuesday to mark its latest all-time high. While the community was expected to rise toward $110,000, especially after Wednesday\u2019s rate cut in the US, the landscape took a sharp turn.<\/p>\n

Instead of heading further north, BTC actually started to retrace hard. It first lost the $100,000 mark, but that was just the start, as the bears kept the pressure<\/a> on. The culmination came on Friday when the cryptocurrency plummeted to a three-week low of $92,000, and the conversation<\/a> turned to whether this was a normal correction or the end of the bull market.<\/p>\n

So far, though, it seems to be the former. Bitcoin stopped the freefall and bounced off rather impressively. Just earlier today, its price surged past $99,000 before calming to its current level of around $98,500.<\/p>\n

Its market capitalization has recovered to $1.950 trillion, while its dominance over the alts stands at 54.6% on CG.<\/p>\n

<\/a>Bitcoin\/Price\/Chart 21.12.2024. Source: TradingView<\/p>\n

Altcoins Finally See Green<\/h2>\n

The alternative coins suffered even more than BTC during the market-wide crash, as expected. However, they have turned green now on a daily scale after the Friday massacre. ETH dumped to $3,300 but now sits close to $3,500 after a 6% daily increase. XRP is back above $2.3 after plummeting to under $2 on Friday.<\/p>\n

BNB, SOL, TRX, and HBAR have gained around 5-6% each since yesterday. More impressive price increases come from the likes of DOGE, ADA, AVAX, LINK, SHIB, TON, DOT, and many others, all of which have jumped by double digits.<\/p>\n

The total crypto market cap slumped below $3.4 trillion yesterday but has risen to over $3.550 trillion now.<\/p>\n

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

The post Bitcoin Eyes $99K as Altcoins Produce Double-Digit Gains: Recovery Weekend Watch<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

After a few consecutive days of price slumps, bitcoin\u2019s trajectory has finally reversed as the asset popped above $99,000 earlier today. The altcoins are also in the green following the market-wide crash, with many recovering by double-digit increases on a daily scale. BTC Begins Recovery Mode The business week began in a highly positive manner […]<\/p>\n","protected":false},"author":0,"featured_media":30224,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-30223","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\/30223"}],"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=30223"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/30223\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/30224"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=30223"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=30223"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=30223"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}