{"id":13429,"date":"2024-12-21T09:59:26","date_gmt":"2024-12-21T09:59:26","guid":{"rendered":"https:\/\/cryptd.in\/bitcoin-eyes-99k-as-altcoins-produce-double-digit-gains-recovery-weekend-watch\/"},"modified":"2024-12-21T09:59:26","modified_gmt":"2024-12-21T09:59:26","slug":"bitcoin-eyes-99k-as-altcoins-produce-double-digit-gains-recovery-weekend-watch","status":"publish","type":"post","link":"https:\/\/cryptd.in\/lt\/bitcoin-eyes-99k-as-altcoins-produce-double-digit-gains-recovery-weekend-watch\/","title":{"rendered":"Bitcoin Eyes $99K as Altcoins Produce Double-Digit Gains: Recovery Weekend Watch"},"content":{"rendered":"

After a few consecutive days of price slumps, bitcoin\u2019s trajectory has finally reversed as the asset popped above $99,000 earlier today.<\/p>\n

The altcoins are also in the green following the market-wide crash, with many recovering by double-digit increases on a daily scale.<\/p>\n

BTC Begins Recovery Mode<\/h2>\n

The business week began in a highly positive manner for the primary cryptocurrency, as its price surged from around $101,000 to over $108,000 by Tuesday to mark its latest all-time high. While the community was expected to rise toward $110,000, especially after Wednesday\u2019s rate cut in the US, the landscape took a sharp turn.<\/p>\n

Instead of heading further north, BTC actually started to retrace hard. It first lost the $100,000 mark, but that was just the start, as the bears kept the pressure<\/a> on. The culmination came on Friday when the cryptocurrency plummeted to a three-week low of $92,000, and the conversation<\/a> turned to whether this was a normal correction or the end of the bull market.<\/p>\n

So far, though, it seems to be the former. Bitcoin stopped the freefall and bounced off rather impressively. Just earlier today, its price surged past $99,000 before calming to its current level of around $98,500.<\/p>\n

Its market capitalization has recovered to $1.950 trillion, while its dominance over the alts stands at 54.6% on CG.<\/p>\n

\"Bitcoin\/Price\/Chart<\/a>
Bitcoin\/Price\/Chart 21.12.2024. Source: TradingView<\/figcaption><\/figure>\n

Altcoins Finally See Green<\/h2>\n

The alternative coins suffered even more than BTC during the market-wide crash, as expected. However, they have turned green now on a daily scale after the Friday massacre. ETH dumped to $3,300 but now sits close to $3,500 after a 6% daily increase. XRP is back above $2.3 after plummeting to under $2 on Friday.<\/p>\n

BNB, SOL, TRX, and HBAR have gained around 5-6% each since yesterday. More impressive price increases come from the likes of DOGE, ADA, AVAX, LINK, SHIB, TON, DOT, and many others, all of which have jumped by double digits.<\/p>\n

The total crypto market cap slumped below $3.4 trillion yesterday but has risen to over $3.550 trillion now.<\/p>\n

\"Cryptocurrency<\/a>
Cryptocurrency Market Overview. Source: QuantifyCrypto<\/figcaption><\/figure>\n

Prane\u0161imas Bitcoin Eyes $99K as Altcoins Produce Double-Digit Gains: Recovery Weekend Watch<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

After a few consecutive days of price slumps, bitcoin\u2019s trajectory has finally reversed as the asset popped above $99,000 earlier today. The altcoins are also in the green following the market-wide crash, with many recovering by double-digit increases on a daily scale. BTC Begins Recovery Mode The business week began in a highly positive manner […]<\/p>\n","protected":false},"author":0,"featured_media":13431,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-13429","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feeds"],"yoast_head":"\nBitcoin Eyes $99K as Altcoins Produce Double-Digit Gains: Recovery Weekend Watch - cryptd.in<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptd.in\/lt\/bitcoin-eyes-99k-as-altcoins-produce-double-digit-gains-recovery-weekend-watch\/\" \/>\n<meta property=\"og:locale\" content=\"lt_LT\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Eyes $99K as Altcoins Produce Double-Digit Gains: Recovery Weekend Watch - cryptd.in\" \/>\n<meta property=\"og:description\" content=\"After a few consecutive days of price slumps, bitcoin\u2019s trajectory has finally reversed as the asset popped above $99,000 earlier today. 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