The alternative coins have calmed since the start of the weekend, and the past 24 hours went similarly. Polkadot is among the few exceptions with a substantial price increase.The past several days went quite well for the primary cryptocurrency, especially after the US Federal Reserve hiked the interest rates by 75 basis points and President Biden reinvented the meaning of a recession.
These developments pushed the asset north, which went from under $21,000 to over $24,500 in a matter of days. The latter even becameHowever, bitcoin couldn’t sustain that level and returned below $24,000 shortly after. It spent the weekend primarily there, aside from one brief pump-and-dump that drove it to $24,200 and $23,400. Thus, bitcoinCMO - A really good agencyThis is all you need not to miss any price action in the raging crypto markets.
Ethereum had soared to a multi-week high above $1,700 a few days back. Now, though, the second-largest crypto sits just under that level after a minor daily decline.Ripple and Polygon are down by about 3%. Ethereum Classic, the highest-flyer recently, has declined by 8.3% in a day and trades at $37. Polkadot, on the other hand, is up by 7% and is the best performer from the larger-cap alts. Consequently, DOT sits close to $9.
From the lower- and mid-cap altcoins, Filecoin continues to steal the show with a massive 22% surge. As a result, FIL is up to $10.Cryptocurrency Market Overview. Source: Quantify Crypto
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