Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
BTC’s Recovery Begins After a 10-Day Low, ICP Steals the Show With 10% Surge (Market Watch)

BTC’s Recovery Begins After a 10-Day Low, ICP Steals the Show With 10% Surge (Market Watch)

CryptopotatoCryptopotato2024/04/03 10:16
By:Jordan Lyanchev

ICP,, WIF, and NEAR are among the few altcoins with notable price increases over the past 24 hours.

Bitcoin’s price took another turn for the worse earlier this morning when the asset plummeted to $64,500 for the first time in ten days, but it reacted well to this decline.

The altcoins are in no better shape, with ETH sliding to $3,300 while XRP stands below $0.6.

BTC Begins its Recovery?

Bitcoin went as high as $71,800 last week on a few occasions but was stopped in its tracks before having the chance to break its all-time high of $73,800. After a few retracements, the cryptocurrency calmed at around $70,000 during the weekend.

Another leg up came on Sunday evening but was halted as well at $71,200. The subsequent rejection pushed BTC south hard and it fell to $66,000 yesterday. Another decline came earlier today when BTC dropped to a ten-day low of $64,500 despite the massive outflows from Coinbase.

BTC’s Recovery Begins After a 10-Day Low, ICP Steals the Show With 10% Surge (Market Watch) image 0

Nevertheless, the bulls managed to intervene at this point and stopped the freefall. Bitcoin has recovered almost two grand since its intra-day low and now stands above $66,000.

Its market capitalization remains just inches above $1.3 trillion, while its dominance over the alts is at 49.6% on CoinGecko.

ICP Steals the Show

The altcoin space has been hit by the recent pullbacks as well. Ethereum dropped by around 2% in the past 24 hours once more and now sits at around $3,300. Ripple is down by a similar percentage and sits beneath $0.6.

Cardano, Dogecoin, Toncoin, Bitcoin Cash, Avalanche, and Polkadot are also slightly in the red. UNI has declined by more than 3.5%.

In contrast, SOL is up by 3.5% and sits close to $190. NEAR and WIF have gained 6% each, while ICP has soared by almost 10%. As a result, ICP now trades above $18.

BTC’s Recovery Begins After a 10-Day Low, ICP Steals the Show With 10% Surge (Market Watch) image 1

The total crypto market cap has recovered more than $50 billion since the overnight low and is now at over $2.6 trillion on CG.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Lido DAO Briefly Jumps 5% Then Crashes During One of the Worst 24 Hours in Crypto

Lido DAO was surging while Bitcoin slumped this morning, now it's falling harder than the market leader.

CryptoNews2024/11/26 20:00