{"id":30817,"date":"2024-12-24T08:55:27","date_gmt":"2024-12-24T08:55:27","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=30817"},"modified":"2024-12-24T08:55:27","modified_gmt":"2024-12-24T08:55:27","slug":"altcoins-take-the-main-stage-with-impressive-gains-as-btc-stalls-at-94k-market-watch","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=30817","title":{"rendered":"Altcoins Take the Main Stage With Impressive Gains as BTC Stalls at $94K (Market Watch)"},"content":{"rendered":"

Bitcoin\u2019s underwhelming price performance continues as the asset slipped below $93,000 yesterday but now sits at around $94,000.<\/p>\n

In contrast, many altcoins have produced a lot more impressive increases over the past 24 hours, including ETH, XRP, BNB, and others.<\/p>\n

BTC Stalls at $94K<\/h2>\n

It was precisely a week ago when the primary cryptocurrency was flying confidently above $100,000 and even registered an all-time high of over $108,000. However, the landscape started to change later that day and especially on Wednesday after the last FOMC meeting for the year.<\/p>\n

BTC dropped to $105,000 at first, but the bears pushed it south a lot harder on Thursday and Friday. The correction culminated on Friday, at least for now, with a price dump<\/a> to $92,000.<\/p>\n

The bulls finally reemerged at this point and didn\u2019t allow a breakdown beneath $90,000. In fact, BTC bounced off during the weekend and even jumped above $99,000 on Saturday. Nevertheless, that was short-lived<\/a> once again, and the asset plummeted once again at the start of the current business week to under $93,000 yesterday, perhaps due to the rising net outflows<\/a> from the US-based ETFs.<\/p>\n

Despite recovering some ground since that daily low, bitcoin is still sluggish at around $94,000. Its market cap is well below $1.870 trillion on CG, while its dominance stands close to 54%.<\/p>\n

<\/a>Bitcoin\/Price\/Chart 24.12.2024. Source: TradingView<\/p>\n

Altcoins Outperform<\/h2>\n

Interestingly, while BTC is down by 1% in the past day, most altcoins have turned red. ETH, BNB, XRP, DOGE, ADA, TRX, and SHIB have posted gains of around 2-3%, while AVAX, LINK, and SUI have jumped by 5-6%.<\/p>\n

Even more impressive daily price increases come from the likes of HBAR and AAVE, both of which have jumped by double digits.<\/p>\n

The biggest gainers from the top 100 alts include VIRTUAL (24%), PENGU (16%), BGB (15%), HNT (13%), and MOVE (13%).<\/p>\n

The total crypto market cap has added around $20 billion since yesterday and is above $3.460 trillion now.<\/p>\n

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

The post Altcoins Take the Main Stage With Impressive Gains as BTC Stalls at $94K (Market Watch)<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin\u2019s underwhelming price performance continues as the asset slipped below $93,000 yesterday but now sits at around $94,000. In contrast, many altcoins have produced a lot more impressive increases over the past 24 hours, including ETH, XRP, BNB, and others. BTC Stalls at $94K It was precisely a week ago when the primary cryptocurrency was […]<\/p>\n","protected":false},"author":0,"featured_media":30818,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-30817","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\/30817"}],"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=30817"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/30817\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/30818"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=30817"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=30817"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=30817"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}