Bitcoin IS BACK! Price Soars to $97K as Bear Rally Rekt!

View in browser Bitcoin IS BACK! Price Soars to $97K as Bear Rally Rekt! Hey, what's up, people? In the immortal words that echo throughout crypto Twitter every time the price recovers from a dip: we are so back, baby!  Of course, I'm saying this with a grain of skepticism and entirely in a humorous way because we still have quite a long way to go before BTC can reclaim its former highs.  That said, the price did recover quite substantially and is currently pushing above $96,000. There are no apparent catalysts for this change, and the market is on the ropes of its future direction in anticipation of tomorrow's CPI numbers.  So, let's dive right into the price action and check out some of the most important developments of the past 24 hours.  Price Action Total Mkt Cap: $3.48 Trillion | 24HR Liquidations: $321M | Sentiment: Greed  Thanking our Newsletter sponsor: Credefi: the ultimate RWA gateway. Connecting crypto lenders with SME borrowers since 2021. Discover predictable yields on your idle crypto assets. Bitcoin The primary cryptocurrency was in a freefall state since last Tuesday, when it peaked above $102,000. Its inability to sustain that level resulted in immediate retracements that pushed it south hard. Within 48 hours alone, it had lost over ten grand, but that was just the start. After a minor recovery last Friday and during the weekend, bitcoin headed straight south on Monday. This time, the bears were even more persistent, pushing BTC down to under $91,000 for the first time since late November and later to below $90,000. In fact, that crash took bitcoin down to a multi-month low of $89,200 (on Bitstamp). At this point, the bulls finally reminded of their presence and didn't allow another breakdown that could have driven BTC to under $85,000. The cryptocurrency started to recover some ground rather rapidly and jumped to $95,000 earlier today. The bulls kept the pressure on and drove the asset to just under $97,000 as of now. Its market cap has risen to over $1.910 trillion on CG, while its dominance over the alts stands just shy of 55%. Altcoins The altcoins suffered even more during the past several days, but green now dominates the charts. Ethereum was among the poorest performers, dumping to under $3,000 yesterday for the first time in over two months. Now, though, the second-largest cryptocurrency stands close to $3,250. Even more impressive daily gains come from XRP, SOL, DOGE, ADA, SUI, LINK, HBAR, APT, and AAVE. The case with AAVE is particularly impressive as it has risen by over 11%. The cumulative market capitalization of all crypto assets has recovered $200 billion in a day and is up to $3.5 trillion on CG. Best Performers ai16z (AI16Z) +21.7% Virtuals Protocol (VIRTUAL) +17.2% Kaspa (KAS) +15.2% Worst Performers Mantra (OM) -3.25% Bitget Token (BGB) -1.2% Fasttoken (FTN) +0.00% The Crypto News You Can't Miss Data from the Bitcoin analytics platform CoinWarz shows that the current Bitcoin mining difficulty is at an all-time high (ATH) of 110.45 trillion. Read the full story. The U.S. Court of Appeal for the Third Circuit has ruled that the Securities and Exchange Commission (SEC) must provide a detailed explanation of why it denied a petition by Coinbase for crypto-specific regulations. Read the full story. The largest stablecoin issuer has announced that it is relocating its business to the Bitcoin-friendly El Salvador after acquiring a Digital Asset Service Provider (DASP) license in the country. Read the full story. Indian cryptocurrency exchange Mudrex has announced that it has temporarily halted crypto withdrawals. Read the full story. Your Daily Crypto Did You Know Did you know that Vitalik Buterin, one of Ethereum's co-creators, was just 19 years old when he conceptualized Ethereum in 2013? CryptoPotato 39 Ludgate Hill, London United Kingdom You received this email because you signed up on our website or made purchase from us. Unsubscribe