{"id":47871,"date":"2025-02-26T09:58:26","date_gmt":"2025-02-26T09:58:26","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=47871"},"modified":"2025-02-26T09:58:26","modified_gmt":"2025-02-26T09:58:26","slug":"btc-price-calms-at-89k-after-tuesday-massacre-xrp-recovers-8-daily-market-watch","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=47871","title":{"rendered":"BTC Price Calms at $89K After Tuesday Massacre, XRP Recovers 8% Daily (Market Watch)"},"content":{"rendered":"

After losing over ten grand within a day, bitcoin\u2019s price movements have calmed in the past several hours, and the asset stands at around $89,000.<\/p>\n

Many altcoins have turned green now but are still deep in the red compared to the valuations since this weekend.<\/p>\n

BTC Calms at $89K<\/h2>\n

It was less than a week ago, on Friday when the primary cryptocurrency was preparing for a charge of $100,000 after gaining over five grand since the Tuesday dip. However, no such challenge actually occurred as Bybit was compromised in what became the largest crypto hack ever, with $1.4 billion stolen.<\/p>\n

BTC reacted immediately with a drop to $95,000 within hours. After recovering some ground during the weekend to around $96,500, the landscape changed for the worse on Monday and especially<\/a> on Tuesday.<\/p>\n

Within the span of just 24 hours or so, the cryptocurrency went from $96,000 to $86,000, losing ten grand in the process. This became one of its most violent price corrections and pushed its valuation to the lowest levels in over three months<\/a> \u2013 erasing lots of the gains charted after Trump\u2019s presidential victory. You can check some of the potential reasons behind this crash here<\/a>.<\/p>\n

Since then, BTC has been able to rebound slightly and now sits quietly at $89,000. Its market capitalization, which shed over $150 billion in a day, is now at just over $1.760 trillion on CG. Its dominance over the alts has shrunk by almost 1% to 57.9%.<\/p>\n

<\/a>BTCUSD. Source: TradingView<\/p>\n

Alts Bounce-Off<\/h2>\n

The alternative coins suffered even more yesterday, but many have bounced off on a daily scale now. Ethereum, which dumped to $2,300, is up challenging $2,500 after a 4% daily increase. BNB is up to $630, while SOL is above $140.<\/p>\n

Even more impressive daily gains come from the likes of XRP, which has added 8.5% and sits north of $2.3, DOGE, ADA, LINK, XLM, AVAX, LTCO, SUI, TON, SHIB, HBAR, HYPE, and many others.<\/p>\n

The total crypto market cap, which went down by over $300 billion within a day, is now above $3.050 trillion after recovering $100 billion.<\/p>\n

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

The post BTC Price Calms at $89K After Tuesday Massacre, XRP Recovers 8% Daily (Market Watch)<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

After losing over ten grand within a day, bitcoin\u2019s price movements have calmed in the past several hours, and the asset stands at around $89,000. Many altcoins have turned green now but are still deep in the red compared to the valuations since this weekend. BTC Calms at $89K It was less than a week […]<\/p>\n","protected":false},"author":0,"featured_media":47872,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-47871","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\/47871"}],"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=47871"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/47871\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/47872"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=47871"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=47871"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=47871"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}