CRO Explodes to 6-Month High, BTC Price Reclaims $118K: Weekend Watch
Main Idea
Bitcoin is recovering from a recent plunge, while some altcoins like Cronos (CRO) and HBAR show significant gains, pushing the total crypto market cap higher.
Key Points
1. Bitcoin's price dropped to a two-week low but has since recovered, climbing past $118,400 after a sell-off by Galaxy Digital.
2. The total crypto market capitalization has risen to $2.350 trillion, with Bitcoin's dominance over altcoins at 59.2%.
3. Ethereum, Ripple, BNB, SOL, DOGE, TRX, and ADA saw minor gains, while SUI surged by 6% and CRO reached a six-month high.
4. HBAR was the top performer among the top 100 altcoins, rising over 10% to trade above $0.29.
5. The total crypto market cap increased by $30 billion, reaching $3.970 trillion after a multi-week low on Friday.
Description
Bitcoin’s gradual ascent after its Friday plunge to a two-week low continues as the asset has risen to just over $118,000 over the past 12 hours or so. Although most altcoins are somewhat sluggish on a slow Sunday, a few have tapped multi-month peaks, such as Cronos (CRO). BTC Taps $118K Bitcoin’s latest all-time high, which took place on July 14, was followed by an expected correction and consolidation period. Within days, the asset slumped to under $120,000 and spent most of the next week trad...
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