{"id":32282,"date":"2024-12-31T09:44:19","date_gmt":"2024-12-31T09:44:19","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=32282"},"modified":"2024-12-31T09:44:19","modified_gmt":"2024-12-31T09:44:19","slug":"pepe-price-jumps-6-daily-bitcoin-recovers-to-94k-after-monthly-low-market-watch","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=32282","title":{"rendered":"PEPE Price Jumps 6% Daily, Bitcoin Recovers to $94K After Monthly Low (Market Watch)"},"content":{"rendered":"

Bitcoin\u2019s price troubles worsened yesterday as the asset dumped to its lowest price position in over a month of $91,300 before it recovered some ground.<\/p>\n

Most altcoins are also quite sluggish at the end of the year, with ETH losing the $3,400 mark and LINK continuing its recent downfall.<\/p>\n

BTC Eyes $94K<\/h2>\n

The micro-scale at the end of the year is quite painful for BTC. The cryptocurrency stood above $108,000 two weeks ago, adding $40,000 since Trump\u2019s landslide victory in the US presidential elections. However, the Fed\u2019s hawkish words for 2025 reversed the asset\u2019s trajectory, and it started losing value fast.<\/p>\n

It dumped to $92,000 that Friday and tried to recover some ground in the following week. It managed to jump toward $100,000 on a couple of occasions but was stopped at each attempt and pushed south hard.<\/a><\/p>\n

This retracement culminated yesterday as the bears initiated a notable leg down<\/a> that resulted in BTC tapping a monthly low of $91,300 (on Bitstamp). As the fears of a potential breakdown beneath $90,000 went viral, the bulls managed to intervene and pushed the asset north of nearly $94,000 as of now.<\/p>\n

Still, its market capitalization still struggles at $1.860 trillion, while its dominance over the alts has increased to 54.3% on CG.<\/p>\n

<\/a>Bitcoin\/Price\/Chart 31.12.2024. Source: TradingView<\/p>\n

PEPE on Recovery Road<\/h2>\n

Most larger-cap alts are slightly in the red now as well. ETH has slipped beneath $3,300, XRP struggles below $2.1, while DOGE, ADA, TRX, AVAX, and TON have lost around 1-2% value once again. Chainlink\u2019s native token continues to lose value after another 3% drop in the past 24 hours. Similar declines are evident from SHIB, HBAR, and DOT.<\/p>\n

CRO, TAO, and AAVE have declined even harder, while PEPE has defied the market sentiment with a 6% surge to $0.00002.<\/p>\n

The total crypto market cap continues to bleed and is close to breaking below $3.4 trillion.<\/p>\n

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

The post PEPE Price Jumps 6% Daily, Bitcoin Recovers to $94K After Monthly Low (Market Watch)<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin\u2019s price troubles worsened yesterday as the asset dumped to its lowest price position in over a month of $91,300 before it recovered some ground. Most altcoins are also quite sluggish at the end of the year, with ETH losing the $3,400 mark and LINK continuing its recent downfall. BTC Eyes $94K The micro-scale at […]<\/p>\n","protected":false},"author":0,"featured_media":32283,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-32282","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\/32282"}],"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=32282"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/32282\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/32283"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=32282"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=32282"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=32282"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}