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Major Update: Bitcoin Price Dips, Most Altcoins In The Red

This week has generally been surprisinging as different cryptocurrencies went back and forth unexpectedly.πŸ“Œ

We didn't see the sudden BTC dip coming yesterday. Also most altcoins are also in the red too.⬇️

Crypto altoin bullish bearish BTC ETH SOL XRP

1 However, XRP has stood out and continued gaining surging by almost 7% despite the bear market.πŸš€

Earlier this week, BTC jumped past 20,000. Though it stalled there, it still remained above 20,000 for a few days straight.πŸ‘Œ

2 Yesterday's turn of events yesterday as BTC went down by over 2.5% was totally unexpected.‼️

We also saw a decline in the market capitalization as we went below 375 billion, and its dominance is down to 39.6%.⬇️

3 Most altcoins took the path of BTC as they are mostly in red. While ETH is down by 2%, BNB was down to 281 following the BNBchain hack.πŸ‘Œ

Other top 10 alts are not left out as ADA, SOL, DOGE, DOT

are all in red. Except XRP of course. ✨

4 The cumulative market cap of all crypto assets is down to below 950B with several billions gone in a day.⬇️

What's your take on this recent turn of events in the market. Are we going deeper into the bear season or do you still believe the bulls will come to our rescue?πŸ€”

This post is based on this twitter thread.


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