Follow Us @
Bitcoin Today 11/26/2024: BTC collapses to US$92,000 and altcoins continue to move
-Trending Marketing news, content marketing, latest Ways to rank your website, marketing discoveries, Local SEO, seo and social media marketing services. enjoy your stay on our website.
The price of Bitcoin (BTC), which had been on an impressive upward streak since the election of Donald Trump as president of the United States, suffered a strong correction between Monday and Tuesday (26). After reaching a peak of US$99,800 last Friday, the cryptocurrency faced difficulties in surpassing the US$100,000 mark and began to lose value rapidly.
Over the weekend, Bitcoin had already dropped below US$98,000 on Saturday and US$96,000 on Sunday. However, the biggest impact occurred on Monday, when the asset returned to US$99,000 in the morning, but was quickly pressured by selling movements.
The price fell to the US$92,000 level on Tuesday morning for the first time in about a week. This represents an accumulated drop of around US$6,000 in a few hours.
According to data from CoinGecko, Bitcoin is currently costing US$92,026, with a daily drop of 6.3%.
Bitcoin plummets and pulls altcoins down
Analysts explain that this type of correction is expected after periods of sharp growth, such as the 40% appreciation that Bitcoin registered in the last three weeks. While some experts point to the possibility of further declines in the short term, others believe that the general bull cycle has not yet ended.
With the devaluation of Bitcoin, its market value fell to less than US$1.81 trillion. Furthermore, its dominance over altcoins has dropped to 55%.
In addition to Bitcoin, several altcoins showed significant drops in the same period. Ethereum, for example, fell 4.7% in the last 24 hours to US$3,306.
Solana (SOL), XRP, Dogecoin (DOGE), Cardano (ADA), Avalanche (AVAX) and Polkadot (DOT) fell between 7% and 13% in the last 24 hours. Projects such as Sandbox (SAND), Stellar (XLM) and Raydium (RAY) recorded even steeper drops of approximately 20%.
No altcoin in the Top 100 (the 100 largest by market value) is operating at an increase at the time of writing this article.
With the correction movement, the total value of the cryptocurrency market has fallen by around US$200 billion since Sunday, now standing below US$3.34 trillion, according to the most recent market data.
Bitcoin Today 11/26/2024: BTC collapses to US$92,000 and altcoins continue to move
Follow TODAYSGIST on Google News and receive alerts for the main trending SEO news, Ai news, latest Ways to rank your website, marketing discoveries, Local SEO and lots more!
Bitcoin Today 11/26/2024: BTC collapses to US$92,000 and altcoins continue to move
SHARE POST AND EARN REWARDS:
Did you like this post?!!! Join our Audience reward campaign and make money reading articles, shares, likes and comment >> Join reward Program
FIRST TIME REACTIONS:
Bitcoin Today 11/26/2024: BTC collapses to US$92,000 and altcoins continue to move
Be the first to leave us a comment, down the comment section. click allow to follow this topic and get firsthand daily updates.
JOIN US ON OUR SOCIAL MEDIA: << FACEBOOK >> | << WHATSAPP >> | << TELEGRAM >> | << TWITTER >
Bitcoin Today 11/26/2024: BTC collapses to US$92,000 and altcoins continue to move
