Bitcoin Eyes $44K, NEAR Skyrockets 24%

Please fol­low and like us:
Pin Share

After a few days of freefalls and touch­ing a 2‑week low, bit­coin has bounced off and is close to $44,000. The alt­coins are also slight­ly in the green today, but NEAR Pro­to­col has stolen the show with a mas­sive dou­ble-dig­it surge.

Bitcoin Eyes $44K

Cryp­toPota­to report­ed bitcoin’s recent price move­ments, which were pri­mar­i­ly going south. The asset spiked above $47,000 on a few occa­sions up until April 5, before the bears took com­plete con­trol over the market.

A day lat­er, BTC found itself dip­ping below $45,000, and the sit­u­a­tion wors­ened yes­ter­day – April 7. This time, bit­coin dumped by anoth­er two grand to a dai­ly bot­tom of $42,800. This became its low­est price point since March 24.

How­ev­er, the cryp­tocur­ren­cy bounced off at that point and start­ed to regain trac­tion. As of now, it stands close to $44,000, which means that it has added around $1,000 in the past 24 hours.

Nev­er­the­less, its mar­ket cap­i­tal­iza­tion has slipped below $850 bil­lion. It’s worth not­ing that the met­ric was above $900 bil­lion until about a week ago.

BTCUSD. Source: TradingView
BTCUSD. Source: TradingView

NEAR Protocol Steals the Show

The alt­coins also suf­fered in the past few days, but most are slight­ly in the green today. Ethereum dumped to around $3,200 just days after chart­ing a three-month high above $3,500. As of now, a 2% dai­ly increase has pushed the sec­ond-largest cryp­tocur­ren­cy to approx­i­mate­ly $3,300.

Binance Coin, Solana, Rip­ple, Car­dano, Polka­dot, Doge­coin, and Shi­ba Inu have also pro­duced minor dai­ly increas­es. Avalanche is up by 4.5% after a $200 mil­lion token swap with Ter­ra. Inter­est­ing­ly, the latter’s native cryp­tocur­ren­cy (LUNA) is down by a sim­i­lar per­cent­age on a 24-hour scale.

NEAR Pro­to­col has seen the most impres­sive surge today, with a mas­sive 24% jump. Con­se­quent­ly, NEAR is close to $20 and to its ATH of $20,44 (accord­ing to CoinGecko).

The cryp­to mar­ket cap is down by $150 bil­lion in the past three days and now sits at just over $2 trillion.

Cryptocurrency Market Overview. Source: Quantify Crypto
Cryp­tocur­ren­cy Mar­ket Overview. Source: Quan­ti­fy Crypto
SPECIAL OFFER (Spon­sored)

Binance Free $100 (Exclu­sive): Use this link to reg­is­ter and receive $100 free and 10% off fees on Binance Futures first month (terms).

PrimeXBT Spe­cial Offer: Use this link to reg­is­ter & enter POTATO50 code to receive up to $7,000 on your deposits.

Dis­claimer: Infor­ma­tion found on Cryp­toPota­to is those of writ­ers quot­ed. It does not rep­re­sent the opin­ions of Cryp­toPota­to on whether to buy, sell, or hold any invest­ments. You are advised to con­duct your own research before mak­ing any invest­ment deci­sions. Use pro­vid­ed infor­ma­tion at your own risk. See Dis­claimer for more information.

Cryp­tocur­ren­cy charts by TradingView.

Source link

Please fol­low and like us:
Pin Share

Leave a Reply

Your email address will not be published. Required fields are marked *