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Bitcoin’s rather dull price actions have continued in the past 48 hours, but the asset managed to chart a minor gain toward $112,000 earlier today.
Several altcoins have produced more impressive daily increases, such as DOGE and HYPE, both of which have jumped by around 7%.
BTC Eyes $112K
The primary cryptocurrency has struggled for the most part of the past few weeks. Recall that the asset started September, which is historically a bearish month, on the wrong foot, with a price slump to a multi-week low of $107,200.
The bulls managed to defend that level despite a few retests and pushed bitcoin north. The culmination transpired on Friday when, after a few fluctuations, BTC skyrocketed to over $113,400 to mark a seven-day peak.
That impressive rally came after the US jobs report, but it quickly disappeared, and bitcoin slumped by around three grand to under $110,500. The weekend was expectedly calmer as BTC slipped to $110,000 on Saturday, where it found the necessary support.
Monday began on a more positive note, with a price jump to almost $112,000, where it faced an immediate rejection. As of press time, BTC stands at around $111,600, with a market cap of over $2.220 trillion. Its dominance over the alts has retreated slightly, but it’s still above 56% on CG.
These Alts Are Pumping
While a few of the larger-cap alts, such as ETH, BNB, and LINK, have remained calm on a daily scale, others, like HYPE and DOGE, have produced impressive gains. Both are up by over 7% in a day. HYPE has neared its all-time high at $51, while DOGE trades above $0.23. XRP, SOL, and TRX are also slightly in the green.
WLD is today’s bigger gainer, having surged by over 22% to $1.25. PENGU follows suit, with a 14% pump that has taken it to almost $0.33. BONK and FOM are next in line.
The total crypto market cap has added roughly $50 billion since yesterday and is up to $3.960 trillion on CG.
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Cryptocurrency charts by TradingView.
Unlock the Secrets of Ethical Hacking!
Ready to dive into the world of offensive security? This course gives you the Black Hat hacker’s perspective, teaching you attack techniques to defend against malicious activity. Learn to hack Android and Windows systems, create undetectable malware and ransomware, and even master spoofing techniques. Start your first hack in just one hour!
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