PENGU Shoots Up by 20%, Bitcoin (BTC) Fails at $120K Again: Market Watch
Main Idea
Bitcoin struggles to break the $120,000 resistance level, while BNB surges to a new all-time high, and other altcoins show significant gains.
Key Points
1. Bitcoin peaked beyond $123,000 but dropped to under $116,000 before recovering to $121,000, failing to breach the $120,000 level again.
2. BNB surged past $800, marking a 300% increase from its October 2023 lows of $200.
3. ETH neared $3,700 with a 2% daily increase, while XRP held the $3.45 level and SOL approached $200 again.
4. APT, ONDO, and TAO each jumped by more than 7% daily, with FLR and PENGU leading gains at over 20%.
5. The total crypto market cap increased by over $40 billion in a day, reaching $4 trillion.
Description
Bitcoin continues to try to take down the $120,000 level, but the resistance is too strong for now, and the asset has slipped by two grand since its peak earlier today. In contrast, several altcoins have posted impressive gains over the past day, including BNB, which shot up to a new all-time high of $800. BTC Stalls at $120k After peaking beyond $123,000, the primary cryptocurrency dumped by over seven grand within a day and bottomed at just under $116,000 last week. The bulls halted the freefa...
Latest News
- Dogwifhat (WIF) Set for Liftoff: Is $3.7 in Play?2025-07-23 16:18:27
- Altcoins Soar as Bitcoin Rests – But Froth Builds in Crypto Markets2025-07-23 15:36:56
- Cardano (ADA) Explodes From Bull Pennant — Can It Hit $1.60 Next?2025-07-23 14:28:15
- Analyst: Low Bitcoin Flow to Exchanges Points to High Market Confidence2025-07-23 14:09:58
- Ethereum Price Analysis: ETH Rally Cools, Can it Dodge a Major Correction?2025-07-23 13:47:49