After Volatile Week BTC Reclaims $43K, Litecoin Spikes 8% (Market Watch)

2022-01-15 17:1994883

Source: CryptoPotato

After yesterday’s drop to sub-$42,000 levels, bitcoin bounced off and spiked to around $43,000. Most altcoins are slightly in the green as well on a daily scale, with BNB nearing $500 and more impressive gains from Litecoin and ATOM.

Bitcoin Touches $43K

The past several days seemed quite positive for the primary cryptocurrency. The asset had recovered from its dip below $40,000 on Monday and was increasing in value gradually.

In just a few days, it added more than $4,000 of value, which resulted in breaking above $44,000 on a few occasions – the last one on Thursday.

However, this is there the landscape changed. After touching a weekly high of $44,500, the bears stepped up and pushed BTC south. This time, bitcoin dropped by over $2,500 and declined to just under $42,000 yesterday.

Since then, BTC has added around $1,000 of value and now sits at approximately $43,000, and its market capitalization has remained above $800 billion.

After Volatile Week BTC Reclaims $43K, Litecoin Spikes 8% (Market Watch) BTCUSD. Source: TradingView Litecoin Spikes 8%: BNB Nears $500

Ethereum went through a volatile week of its own in the past several days, which included a drop to a multi-month low beneath $3,000. After that dump, though, ETH went on the offensive and recovered $300 in days. As of now, a minor 2% increase since yesterday has pushed the second-largest crypto to above $3,300.

Binance Coin is up by around 3% on the day and is close to challenging $500. Ripple, Polkadot, Avalanche, Shiba Inu, MATIC, LINK, and Terra are also slightly in the green.

Litecoin (8%) is the most substantial gainer from the larger-cap alts, followed by ATOM (7%). In contrast, Dogecoin, Solana, and ADA have tapped minor losses.

The cryptocurrency market capitalization has increased by around $40 billion since yesterday and remains well above $2 trillion.

After Volatile Week BTC Reclaims $43K, Litecoin Spikes 8% (Market Watch) Cryptocurrency Market Overview. Source: Quantify Crypto
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All Comments(3)
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SupDuck

SupDuck

give it a like

01-15 17:27

Jejune Rude Boy

Jejune Rude Boy

I Am Here

01-15 17:25

DeadFellaz

DeadFellaz

It has always been emphasized that rich talents play btc, and Diaosi only invests in mainstream currencies. In the bull market, the rise of mainstream currencies outperforms btc is a high probability event.

01-15 17:22
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Bitcoin Price Slipped Below $42K to a Weekly Low: LUNA Soars 6% (Market Watch)

1Bitcoin Price Slipped Below $42K to a Weekly Low: LUNA Soars 6% (Market Watch)

Another day came with another price drop from bitcoin, as this time, bitcoin dipped to a nine-day low of just over $41,000. Most altcoins are also well in the red, with LUNA being among the few exceptions following a 6% increase.

2022-01-19 17:55 | CryptoPotato40226

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