{"id":96890,"date":"2025-09-16T09:56:56","date_gmt":"2025-09-16T09:56:56","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=96890"},"modified":"2025-09-16T09:56:56","modified_gmt":"2025-09-16T09:56:56","slug":"avalanche-avax-rockets-past-30-bitcoin-btc-remains-close-to-116k-market-watch","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=96890","title":{"rendered":"Avalanche (AVAX) Rockets Past $30, Bitcoin (BTC) Remains Close to $116K: Market Watch"},"content":{"rendered":"

Bitcoin\u2019s rejection at $116,800 yesterday drove the asset south by over two grand, but it has managed to recover most of the losses.<\/p>\n

Most larger-cap alts experienced even more substantial declines yesterday, but have turned green on a daily scale.<\/p>\n

BTC Eyes $116K Again<\/h2>\n

The primary cryptocurrency plunged hard at the beginning of the previous business week, dropping below $111,000. However, the asset reacted well and defended that level. Moreover, it initiated a notable leg up in the following week that saw it jump past $116,000 by Friday.<\/p>\n

Bitcoin tried to break out even further to the north during the weekend and on Monday morning. Nevertheless, the bears returned when BTC was close to $117,000 at the beginning of the current business week and pushed it south almost immediately.<\/p>\n

As a result, the cryptocurrency dropped<\/a> by nearly two-and-a-half grand to $114,400 (on Bitstamp). It bounced off to challenge $116,000 once again earlier today, but couldn\u2019t break past that level. As of now, the asset trades at around $115,500 with more volatility expected in the following days due to the highly anticipated FOMC meeting.<\/p>\n

Bitcoin\u2019s market cap has calmed at $2.3 trillion on CG, while its dominance over the alts stands at 56%.<\/p>\n

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

AVAX Flies<\/h2>\n

Ethereum is among the few altcoins that continue to be slightly in the red on a daily scale. The asset slipped below $4,500 earlier today but has managed to bounce just above that level. Ripple\u2019s XRP has defended the $3 support, while BNB, DOGE, LINK, SOL, TRX, and SUI are slightly in the green.<\/p>\n

Avalanche\u2019s native token has taken the main stage with a 7% surge that has pushed it to well over $30. XLM, XMR, and MNT are also with notable gains.<\/p>\n

IMX has returned to the top 100 alts following a 15% surge that has driven its price to just over $0.73.<\/p>\n

Data from CoinGecko shows that the total crypto market cap has added over $40 billion since yesterday\u2019s low and is up to $4.110 trillion on CG.<\/p>\n

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

The post Avalanche (AVAX) Rockets Past $30, Bitcoin (BTC) Remains Close to $116K: Market Watch<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin\u2019s rejection at $116,800 yesterday drove the asset south by over two grand, but it has managed to recover most of the losses. Most larger-cap alts experienced even more substantial declines yesterday, but have turned green on a daily scale. BTC Eyes $116K Again The primary cryptocurrency plunged hard at the beginning of the previous […]<\/p>\n","protected":false},"author":0,"featured_media":96891,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-96890","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\/96890"}],"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=96890"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/96890\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/96891"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=96890"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=96890"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=96890"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}