Ripple Price Soars to $2.7 While Bitcoin Flirts With $97,000

View in browser These Altcoins Extend Steep Corrections as Bitcoin Slips Toward $95K The past 24 hours saw a lot of the cryptocurrency market recover with Bitcoin's price flirting with the important technical and psychological level of $97,000.  At the same time, there's quite a lot going on with multiple altcoins, so let's dive deeper and find out what's happening in the past 24 hours.  Price Action Total Mkt Cap: $3.27 Trillion | 24HR Liquidations: $270M | Sentiment: Neutral  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 After the massive volatility experienced at the start of the previous business week, the primary cryptocurrency calmed in the following days and stood mostly in a range between $95,000 and $97,000. Each breakout attempt, such as the surge to $99,000 on Friday, was met with an immediate rejection, and the asset spent the weekend around the upper boundary of the range. Monday began with a price dip that drove it south to the lower boundary, but the bulls managed to defend that level. After another 24 hours of trading there, the bears took control on Tuesday evening and pushed BTC to a two-week low of under $93,500. However, the bulls stepped up at this point and didn't allow a further breakdown. Just the opposite, bitcoin started to regain traction and jumped past $96,000 yesterday and up to $97,000 earlier today. This means that its market cap has neared $1.930 trillion on CG. Its dominance over the alts has also climbed to 58%. Altcoins Most altcoins endured similar pressure on Tuesday but managed to recover most losses in the following 36 hours. Ripple's cross-border token is among the top performers on a daily scale, having surged by nearly 5% to a multi-day peak at $2.7. SUI has added a similar percentage and is up to $3.3, while XLM has gained 3.5% and trades close to $0.35. ADA, AVAX, SOL, and HBAR are also slightly in the green, while HYPE and TAO have soared by 8% and 15%, respectively. In contrast, the recent high-flyer LTC has retraced by 6% and is below $130 now. ETH, DOGE, BNB, TRX, and LINK are also slightly in the red. The total crypto market cap has jumped to $3.330 trillion on CG. Best Performers Celestia (TIA) +17.4% Sonic (S) +13.4% Bittensor (TAO) +14.1% Worst Performers Floki (FLOKI) -5.2% Bitget Token (BGB) -4.3% Litecoin (LTC) -4.8% The Crypto News You Can't Miss More and more financial institutions are increasing their exposure to Bitcoin, according to researchers. Read the full story. The crypto community is slowly turning against meme coins following high-profile scandals and scams involving some of these ersatz tokens. Read the full story. Portnoy called meme coins a "greed-driven ecosystem," launching $GREED as a social experiment before selling his holdings. Read the full story. CZ donated $100,000 in BNB to LIBRA victims, and crypto users have sent him much more than he contributed; however, he is keeping none of the tokens. Read the full story. Your Daily Crypto Did You Know Did you know that cryptography, which underpins cryptocurrencies, dates back to ancient Egypt and Rome, long before its use in digital finance? CryptoPotato 39 Ludgate Hill, London United Kingdom You received this email because you signed up on our website or made purchase from us. Unsubscribe