Bitcoin calms down at $24,000, Dogecoin up 16%
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Answer Bitcoin calms down at $24,000, Dogecoin up 16%
After recent spikes and positive fluctuations in the bitcoin price, bitcoin has finally calmed down, as it is currently trading above the $24,000 level.
Most altcoins are also unusually stagnant today, with a few exceptions, most notably Dogecoin, which is up 16% in the last 24 hours.
Bitcoin calms down at the level of 24 thousand dollars:
The past several days have been very volatile for cryptocurrencies.
Until the weekend, which usually tends to be calm, this time saw several price fluctuations.
Bitcoin price has seen a rise to the $25,000 level for the first time in more than two months.
Bitcoin then failed to breach it initially, but the bulls came back and pushed the price north again in the following hours.Read:After Ethereum Integration Upgrade…GPU Price Drops to Lowest Level in China
This led to a price jump to $25,200, the highest price Bitcoin has seen since mid-June.
Bitcoin couldn’t keep going up.
In a matter of minutes, Bitcoin lost more than $1,000 in value and fell to less than $24,000.
Since then, Bitcoin is basically trading around this level.
Bitcoin’s market cap has defended the $450 billion mark, and its dominance over altcoins remains just over 40%.
Dogecoin leads the way:
Altcoins experienced price swings similar to bitcoin over the weekend and on Monday, but are now sitting quietly.
Ethereum price jumped to a 74-day high above $2,050, possibly due to the hype surrounding the upcoming merger.
The price of the second largest cryptocurrency then fell by about $200 since then Ethereum is trading at less than $1900.
On a daily basis, BNB, Ripple, Cardano, Polkadot, Avalanche and Shiba Inu all made small gains.
The Dogecoin, which rose by 16% in a single day, shined brightly.
As a result, the first-ever memecoin jumped above $0.088.Read:SEC Commissioner Calls for Regulatory Clarity on Cryptocurrencies
The CHZ cryptocurrency also shone, which also rose by 13% in the last 24 hours.
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