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MemeCore (M) Plunges Hard Again, Bitcoin (BTC) Eyes $63K: Market Watch

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Bitcoin’s relatively minor volatility sessions continued in the past 24 hours as the asset dipped below $62,000 again before it rebounded by over a grand, only to be halted again.

Most larger-cap alts have remained sluggish on a daily scale, with ETH fighting for $1,750, while XRP is battling the $1.10 level.

BTC Challenges $63K

Following the painful start of the month when BTC slipped below $58,000 for the first time in almost two years, the cryptocurrency tried to stage a notable recovery that drove it to over $60,000 instantly and to $63,000 during the weekend.

The bulls kept pressing the gas pedal, and bitcoin jumped to $64,000 at the start of the business week. However, Strategy’s bigger sale led to an immediate leg down to $61,200, where BTC found some support and rebounded sharply. In the following hours, it flew to $64,600.

That was another short-term rally, though, and it found itself slipping once again on Wednesday. This time, it dropped to $61,600, as mentioned above. It has recovered well over a grand since then, and even though it was stopped at $63,200, it remains close to $63,000 now and slightly in the green on a daily scale.

Its market capitalization has climbed to $1.260 trillion on CG, while its dominance over the altcoins remains stuck at 56.5%.

BTCUSD July 9. Source: TradingView
BTCUSD July 9. Source: TradingView

M Dumps, ARB and SKY Pump

Most larger-cap alts have displayed little to no volatility on a 24-hour scale. ETH remains close to $1,750, BNB is just above $570, while XRP fights for the $1.10 support. SOL, HYPE, RAN, ZEC, and XLM are in the red, while CC, TRX, and DOGE have marked minor gains.

ARB and SKY have added the most value daily. Both assets are up by around 9% to $0.085 and $0.058, respectively. In contrast, MemeCore has plunged by 19% to $1.21. BEAT and JUP follow suit, with losses of around 5-6%.

The cumulative market capitalization of all crypto assets has returned to $2.240 trillion on CG.

Cryptocurrency Market Overview July 9. Source: QuantifyCrypto
Cryptocurrency Market Overview July 9. Source: QuantifyCrypto

 

Innlegget MemeCore (M) Plunges Hard Again, Bitcoin (BTC) Eyes $63K: Market Watch dukket først opp på CryptoPotato.

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