After the heightened volatility sparked by the news from the United States, bitcoin has calmed down to around $ 61,500. Some altcoins have also slipped since yesterday, with SHIB losing double-digits in a day. In contrast, Solana has tapped yet another new all-time high.
Bitcoin’s 24h turn
Just a few days ago – November 1 – the major cryptocurrency fell below $ 60,000. It reacted well, rebounded just as quickly, and even exceeded $62,000. After another brief drop, BTC went on the offensive again and soared to $ 64,500 – the highest price point since mid-October.
However, it failed to continue upwards and stalled around $63,000, as reported yesterday. This is where news from the US Federal Reserve emerged indicating that the central bank will slow down its money printing initiatives.
In a matter of minutes, BTC dumped by $3,000 and bottomed at $60,000. However, it spiked back up just as quickly. For now, however, the asset value has fallen again and sits below $ 62,000.
Although its market capitalization still sits above $1.150 trillion, bitcoin’s dominance over the alts is now below 43%.
SOL New ATH: SHIB hard discharge
Ether has performed well over the past few days, setting new all-time highs with the latest reaching nearly $ 4,700 yesterday. However, the second-largest crypto has lost some traction since then and is now down to $4,500.
Solana, however, continues to walk and hit a new high of over $ 240 earlier today. Moreover, its market capitalization has exceeded that of Tether and SOL is now the fourth-largest digital asset by that metric.
Polkadot and Terra are slightly in the green, while Avalanche is the biggest winner with a 9% increase to $ 78. Earlier today, AVAX saw its own ATH at just over $ 80.
Cardano, Ripple, Dogecoin, and Chainlink have lost substantial chunks of value. Nonetheless, Shiba Inu dropped the most in one day – 15%. Furthermore, SHIB is now down roughly 35% from its ATH as Kraken’s potential listing of the popular meme coin has been delayed.
IoTeX exploded 110% in one day and 160% in one week to $ 0.16, making it the biggest winner. As such, IOTX has found a place in the top 100 coins.
Holo (19%), Telcoin (15%), Axie Infinity (12%), Kadena (12%), Ravencoin (12%), and Amp (12%) follow suit. The crypto market cap is down by $40 billion in a day, but it’s still well above $2.7 trillion.
