CoinInsight360.com logo CoinInsight360.com logo
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
Crypto Potato 2025-02-26 09:58:26

BTC Price Calms at $89K After Tuesday Massacre, XRP Recovers 8% Daily (Market Watch)

After losing over ten grand within a day, bitcoin’s price movements have calmed in the past several hours, and the asset stands at around $89,000. Many altcoins have turned green now but are still deep in the red compared to the valuations since this weekend. BTC Calms at $89K It was less than a week ago, on Friday when the primary cryptocurrency was preparing for a charge of $100,000 after gaining over five grand since the Tuesday dip. However, no such challenge actually occurred as Bybit was compromised in what became the largest crypto hack ever, with $1.4 billion stolen. BTC reacted immediately with a drop to $95,000 within hours. After recovering some ground during the weekend to around $96,500, the landscape changed for the worse on Monday and especially on Tuesday. Within the span of just 24 hours or so, the cryptocurrency went from $96,000 to $86,000, losing ten grand in the process. This became one of its most violent price corrections and pushed its valuation to the lowest levels in over three months – erasing lots of the gains charted after Trump’s presidential victory. You can check some of the potential reasons behind this crash here . Since then, BTC has been able to rebound slightly and now sits quietly at $89,000. Its market capitalization, which shed over $150 billion in a day, is now at just over $1.760 trillion on CG. Its dominance over the alts has shrunk by almost 1% to 57.9%. BTCUSD. Source: TradingView Alts Bounce-Off The alternative coins suffered even more yesterday, but many have bounced off on a daily scale now. Ethereum, which dumped to $2,300, is up challenging $2,500 after a 4% daily increase. BNB is up to $630, while SOL is above $140. Even more impressive daily gains come from the likes of XRP, which has added 8.5% and sits north of $2.3, DOGE, ADA, LINK, XLM, AVAX, LTCO, SUI, TON, SHIB, HBAR, HYPE, and many others. The total crypto market cap, which went down by over $300 billion within a day, is now above $3.050 trillion after recovering $100 billion. Cryptocurrency Market Overview. Source: QuantifyCrypto The post BTC Price Calms at $89K After Tuesday Massacre, XRP Recovers 8% Daily (Market Watch) appeared first on CryptoPotato .

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.