ASTER, HYPE Lead Altcoin Recovery, BTC Bounces Above $100K: Market Watch

Bitcoin’s nosedive culminated yesterday with a massive price plunge to just under $99,000, which became its lowest level in almost five ￰0￱ altcoins followed suit, including ETH, which turned negative for the year. Now, though, a few of them have posted impressive increases, led by ASTER and ￰1￱ Bounces Above $100K It was just a week ago when the primary cryptocurrency challenged the $116,000 ￰2￱ a couple of unsuccessful attempts, the asset was pushed south and tumbled below $107,000 after the US Fed cut the interest ￰3￱ recovered some ground by the weekend and stood between $110,000 and $111,000. Then came Monday, and all hell broke ￰4￱ dumped to $104,000 and, after a minor bounce later that day, initiated another substantial leg down on ￰5￱ most impactful decline took place yesterday evening when bitcoin slumped below $100,000 and bottomed at just under $99,000.

This marked its lowest price point since mid-June, prompting analysts to speculate that the bear market has ￰6￱ bulls finally intervened at this point and helped BTC rebound slightly to just over $101,000 as of press time. Nevertheless, its market cap has suffered badly and is down to $2.020 trillion on ￰7￱ dominance over the alts, though, has increased further to 58.6%. BTCUSD.