{"id":32503,"date":"2025-01-01T08:49:52","date_gmt":"2025-01-01T08:49:52","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=32503"},"modified":"2025-01-01T08:49:52","modified_gmt":"2025-01-01T08:49:52","slug":"bitcoin-rejected-at-96k-as-new-year-begins-with-altcoin-corrections-market-watch","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=32503","title":{"rendered":"Bitcoin Rejected at $96K as New Year Begins With Altcoin Corrections (Market Watch)"},"content":{"rendered":"

Bitcoin\u2019s price went to a daily high of $96,000 but was quickly stopped there and pushed south by a few grand within hours.<\/p>\n

The altcoins are also struggling today, with ETH dumping to well below $3,400, SOL down to $190, and ADA slipping to $0.85.<\/p>\n

BTC Stopped at $96K<\/h2>\n

The primary cryptocurrency had a painful end to an otherwise bullish year as it dropped from its latest all-time high of $108,300 to $92,000 within days in the middle of December. Although it bounced off initially and neared $100,000 on a couple of occasions, the bears were quick to intercept the moves and didn\u2019t allow any further gains.<\/p>\n

Just the opposite, BTC started to lose value in the following days, which culminated<\/a> on Monday with a plunge to $91,300. This became its lowest price tag in just over a month.<\/p>\n

The bulls managed to intercept the move<\/a> and drove BTC to $95,000 later that day and up to $96,000 on Tuesday. However, this was another false breakout and the cryptocurrency is down by nearly three grand since then to just over $93,000 as of now.<\/p>\n

Its market capitalization has slumped beneath $1.850 trillion on CG, while its dominance over the altcoins remains strong at 54.3%.<\/p>\n

<\/a>Bitcoin\/Price\/Chart. 01.01.2025. Source: TradingView<\/p>\n

Alts Back in Red<\/h2>\n

The alternative coins didn\u2019t enjoy the last days of 2024 either, and the beginning of the new year is rather familiar. Ethereum has lost nearly 2% of value and is well below $3,400. Similar price drops are evident from SOL, DOGE, ADA, AVAX, TON, and DOT.<\/p>\n

Even more painful declines are evident from Chainlink, SUI, HBAR, and APT. In the case of LINK, the price drop is almost 5%, which has pushed it to under $20.<\/p>\n

In contrast, XRP has finally charted a minor increase after a tough week<\/a>, while VIRTUAL, OM, and XMR have gained around 5-7% each.<\/p>\n

The total crypto market cap has shed about $30 billion and is down to $3.4 trillion on CG.<\/p>\n

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

The post Bitcoin Rejected at $96K as New Year Begins With Altcoin Corrections (Market Watch)<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin\u2019s price went to a daily high of $96,000 but was quickly stopped there and pushed south by a few grand within hours. The altcoins are also struggling today, with ETH dumping to well below $3,400, SOL down to $190, and ADA slipping to $0.85. BTC Stopped at $96K The primary cryptocurrency had a painful […]<\/p>\n","protected":false},"author":0,"featured_media":32504,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-32503","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\/32503"}],"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=32503"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/32503\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/32504"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=32503"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=32503"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=32503"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}