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Home Bitcoin

Fantom Soars 16% (Market Watch)

by Crypto News
October 26, 2021
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Fantom Soars 16% (Market Watch)
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Bitcoin’s worth has remained untypically calm since yesterday and sits round $63,000. Most larger-cap altcoins have additionally failed to provide any important features, however Fantom has surged by 15% in a day to $3.4.

Bitcoin Calm at $63K

After retracing from last week’s all-time high at $67,000, bitcoin misplaced greater than $7,000 in days and dumped beneath $60,000 a number of occasions. The final such drop got here through the weekend when the cryptocurrency reached a weekly backside of $59,400 (on Bitstamp).

The panorama shortly modified within the following hours, as CryptoPotato reported. Bitcoin bounced off, reclaimed $60,000 virtually instantly, and stored climbing.

Consequently, BTC peaked above $63,500 however didn’t proceed upwards. As an alternative, it misplaced over $1,500 and dipped to $62,000. As of now, it has recovered a couple of grand and stands round $63,000.

Its market capitalization has remained simply shy of $1.2 trillion, whereas the dominance over the altcoins has declined barely to 45%.

BTCUSD. Source: TradingView
BTCUSD. Supply: TradingView

Fantom Sees a Double-Digit Pump

Most various cash additionally retraced through the weekend however marked minor features prior to now two days. Ethereum fell beneath $4,000 briefly. Nevertheless, it has added one other 1.5% of worth in a day and presently sits nicely above $4,200.

Binance Coin is near $500 after a 1% improve since yesterday. Solana painted a brand new all-time excessive yesterday above $216 however presently stands at $211.

Cardano, Ripple, Polkadot, and Dogecoin are additionally barely within the inexperienced. Extra spectacular features come from Terra (4%), Chainlink (4%), Uniswap (4%), and Avalanche (8%).

Fantom has surged by 15% in a day and has neared $3.4. Secret has entered the highest 100 cash following a 33% every day and 84% weekly improve.

Curve DAO Token (21%), NEAR Protocol (18%), Concord (17%), and ICP (12%) have additionally seen double-digit worth surges in a day.

The cryptocurrency market capitalization is up by $30 billion in a day to $2.630 trillion.

Cryptocurrency Market Overview. Source: Quantify Crypto
Cryptocurrency Market Overview. Supply: Quantify Crypto
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Disclaimer: Info discovered on CryptoPotato is these of writers quoted. It doesn’t symbolize the opinions of CryptoPotato on whether or not to purchase, promote, or maintain any investments. You’re suggested to conduct your personal analysis earlier than making any funding choices. Use offered info at your personal danger. See Disclaimer for extra info.

Cryptocurrency charts by TradingView.



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