Bitcoin's price experienced a significant drop but managed to recover slightly and has been holding above $54,000. Altcoins such as ETH and BNB also saw minor relief increases. Bitcoin had a bearish week after reaching $60,000 but subsequently faced rejection and fell to $55,500. It experienced a brief spike after the US jobs report but quickly dropped by more than four thousand dollars. The market has been mostly sideways since then, and Bitcoin's market cap has declined to $1.075 trillion with a dominance of 53.2%. Altcoins also suffered but some have seen minor gains, with SUI being the biggest gainer at nearly 11%. The total crypto market cap is around $2 trillion.
- Content Editor ( cryptopotato.com )
- 2024-09-08
Bitcoin Price Reclaims $54K Level, SUI Explodes 11% Daily (Weekend Watch)