Bitcoin (BTC) Taps a New ATH Above $126K, These Alts Head South: Market Watch

The past 24 hours have been quite turbulent for the cryptocurrency market, with Bitcoin (BTC) reaching a new record price. Nonetheless, the asset experienced a correction after that and currently trades below $124,000. Multiple well-known altcoins, including Hyperliqduid (HYPE), Solana (SOL), and Litecoin (LTC), have also registered some ￰0￱ Volatility for BTC The biggest cryptocurrency performed quite well on October 6, and at one point, it hit a fresh all-time high price of over $126,000. Since then, however, it has headed south, and as of this writing, it trades at around $123,700.

BTC Price,) have purchased 60,000 coins in the past week alone: a factor that may encourage smaller players to hop on the bandwagon and one that reduces the asset’s circulating supply (thus setting the stage for additional gains). Upon tapping its new ATH, Bitcoin’s market capitalization pumped to $2.51 trillion. Currently, the figure stands at approximately $2.46 trillion, with its dominance over the altcoins reaching 57%. These Alts Bleed Out Many of the popular altcoins have mimicked BTC’s latest trajectory and retraced in the past ￰1￱ (ZEC) has slipped by 10% on a daily scale, Hyperliquid (HYPE) dropped by 6%, while Cronos (CRO), Litecoin (LTC), and Solana (SOL) posted less substantial ￰2￱ the other hand, Plasma (XPL), Mantle (MNT), Bittensor (TAO), Binance Coin (BNB), and Ethereum (ETH) remain in green ￰3￱ native cryptocurrency of Binance even spiked to a new all-time high of just under $1,300 before slightly retracing to its current price of $1,250.

The total market capitalization of the sector has increased by 0.2% over the last 24 hours and stands at around $4.34 ￰4￱ Market Overview,) Taps a New ATH Above $126K, These Alts Head South: Market Watch appeared first on CryptoPotato .