Bitcoin Price Dumps Toward $61K, Toncoin Explodes 7% to $6 (Market Watch)
The total crypto market cap is below $2.4 trillion as it lost more than $170 billion in a few days.
Keep up with what's happening in the crypto world in real-time.
The total crypto market cap is below $2.4 trillion as it lost more than $170 billion in a few days.
Bitcoin's dull range-bound action is likely to continue for a few more days as the bulls and the bears battle for control of BTC price.
New data suggests a surge in cryptocurrency market activity, with Toncoin ($TON) and the meme-inspired cryptocurrency Dogecoin ($DOGE) showing surprising strength compared to established players including leading stablecoins and other altcoins such as XRP, LINK, and ADA.
Last week, cryptos to watch got their first real scare of the year.
Bitcoin remains stuck within a range, failing to rise beyond $64,500 after a brief recovery from the local lows at $56,500. With this, the crypto markets have turned slightly bullish as traders Besides, the altcoins within the top 10 briefly follow the star crypto, while others are preparing for diverse price action.
Bitcoin is facing selling near the 50-day SMA, indicating that the range-bound action may continue for a few days.
The number of addresses holding TON has surged, leaving XRP behind.
The parabolic growth in user base is a sign that the project has been gaining traction.
Altcoins showed impressive double-digit gains after Bitcoin bulls successfully pulled BTC price back above the $61,000 level.
While Bitcoin is up 4.62% in the last 24 hours, ORDI, TON, and BONK are outperforming the market leader with impressive gains. Here's a closer look at their recent performance and potential price movements.
Since the introduction of USDT on the TON blockchain, the supply of this stablecoin has grown by over 70 million within just two weeks, totaling 130 million. While USDT operates across multiple blockchains, its presence on TON has positioned it as the eighth largest in terms of circulating supply.
If you're pessimistic about cryptocurrencies, there are plenty of speculative cryptos to avoid in and outside the top 10.
Cryptocurrency prices spiked on Friday as market participants embraced a risk-on sentiment after the latest US jobs numbers. Bitcoin soared above $62,000, a remarkable comeback for a coin that tumbled to $57,000 earlier this week.
TON is among the most notable gainers in the past 24 hours.
Bitcoin's drop to $56,500 crushed bullish traders' sentiment and took a heavy toll on altcoin prices but are generational buying opportunities emerging?
It will be possible to withdraw USDT from the exchange on The Open Network blockchain simply by indicating the public address.
Bitcoin's (BTC) price has been making mild moves despite the halving that occurred towards the end of April. Thus, institutional investors have moved to accumulate altcoins in the meanwhile to capitalize on the potential bull run that the crypto market could witness once BTC rises.
Bitcoin and altcoins are falling toward strong support levels, which appear likely to hold in the short term.
Bitcoin and altcoins could be en route to retest their recent strong support levels as bears try to extend the correction.
The crypto market continues to move sideways this week with periods of light gains and minor corrections as users consider altcoins to sell. After the Bitcoin halving, crypto traders looked to reposition holdings for the next wave in the market.
In a groundbreaking move for the world of cryptocurrency, Tether, the leading stablecoin issuer, has joined forces with Telegram's TON blockchain, issuing a staggering $60 million worth of USDT in the first days of their integration. This partnership marks a significant milestone in the evolution of digital finance, with implications for seamless cross-border payments and the broader cryptocurrency ecosystem.
Bitcoin and altcoins continue to be rocked by macroeconomic and geopolitical uncertainty, but data shows bulls continue to buy each dip.
TON has been in a state of a freefall after the recent partnership with Tether.
Bitcoin and altcoins have turned bullish following the BTC supply halving. Are new all-time highs in the making?