Bitcoin (BTC) is absorbing yesterday’s blow quite well. Although it has taken another hit with America’s awakening, this time it has recovered quickly. It is not yet possible to achieve this with other crypto coins.
In this price update we will tell you exactly what the market looks like now.
BTC recovers from painful fall
The Bitcoin price took a hard slide yesterday. After six green days in a row, the last two of which were good for new records, a loss of 2.66 percent was recorded.
The decline started when the American stock markets opened their doors. Our time that happens is at 3:30 PM. Today it happened again in that regard. But this time the damage was limited and recovery was quick.
In fifteen minutes, Bitcoin went from $122,600 to $121,900. 20 minutes later it was back to $123,150. That’s just over 2 percent higher than the low of $120,650 reached yesterday.
Earlier today you could read in the Bitcoin news that we should only think about new records once $ 125,000 has been regained. Until then, there is a chance of a further decline. Key levels where the price could go are $120,000 and $117,000. But even if that happens, no one will be left overboard.
At the time of writing, the Bitcoin price is at $ 122,615, 0.3 percent lower than 24 hours ago. In euros, the largest cryptocurrency is currently paying 105,200.
No honor today for Ethereum
Remarkably, Ethereum (ETH), the second largest crypto, is the biggest faller within the top 20. The leader of the altcoin market is now worth $ 4,470, which is 3.31 percent less than yesterday.
For the rest, we all see modest losses. For ripple (XRP) this is 1.51 percent, for Solana (SOL) 1.97 percent and Dogecoin (DOGE) 1.04 percent.
BNB (BNB) did manage to gain something of value with an increase of 0.82 percent. Hyperliquid (HYPE) even has a profit of 2.30 percent.
The biggest climbers
There are even more cryptos that are turning green today. Below are the five biggest risers from the top 100:
| Cryptocurrency | Increase in last 24 hours |
|---|---|
| Zcash (ZEC) | +14.70 percent |
| Mantle (MNT) | +13.56 percent |
| SPX6900 (SPX) | +5.92 percent |
| Hyperliquid (HYPE) | +2.19 percent |
| MYX FINANCE (MYX) | +1.93 percent |
The biggest losers
Most altcoins are bleeding against Bitcoin and some are experiencing significant losses. Below are the five biggest decliners from the top 100:
| Cryptocurrency | Decrease in the past 24 hours |
|---|---|
| DoubleZero (2Z) | -14.49 percent |
| Plasma (XPL) | -8.93 percent |
| Pee) | -7.58 percent |
| DeXe (DEXE) | -7.47 percent |
| Pendle (PENDLE) | -5.75 percent |
Source: https://newsbit.nl/crypto-koersupdate-bitcoin-krabbelt-op-maar-altcoins-nog-in-zwaar-weer/
