TAO is the top gainer today, while Pi Network’s PI token continues its crazy journey.
The price of Bitcoin again faced some increasing volatility in the last 24 hours, falling as low as $65,500, before it reached $68,500, only to be rejected by the latest developments on the Middle East war front and oil price fluctuations.
Ethereum once again challenges its enemy at $2,000, while HASH and STABLE have fallen well below the minimum average level.
BTC Tour
After falling from $67,000 to $63,000 on February 28, when strikes began in the Middle East, the price of bitcoin rebounded sharply and reached $74,000 on Wednesday. This meant that assets added $11,000 over the course of the day, which, given the current uncertain landscape, was almost expected to be followed by a sharp decline.
The bears really took control of the market in the following days, pushing BTC south to $68,000 on Friday and Saturday. Although it was a much less volatile weekend compared to the previous day, BTC still felt little change on Sunday evening when most legacy futures markets opened.
As Israel attacked several Iranian oil facilities, the so-called liquid gold rose to a multi-year high of $120 per barrel this morning. Reports emerged that the G7 countries planned to cut 400 million barrels, sending USOIL south to $96,000 before it settled at $102.
Bitcoin dropped to $65,500, rose to $68,500 and returned to $67,500 within hours. Its market capitalization returns to 1.350 trillion dollars, while its dominance over alts in CG is 56.5%.
ETH Battles $2k
The largest altcoin rose to $2,200 last Wednesday, but it was strongly rejected and then dropped to just over $1,900. It has rebounded and is now fighting for $2,000 once again, but its effort is still weak.
BNB, SOL, HYPE, XMR and LINK made small daily gains, while XRP, TRX, DOGE, ADA and BCH are in the red. CC has fallen off its all-time high, while TAO is up nearly 10% to $195.
The Pi Network’s PI token remains highly volatile, rising 5% to $0.21 on the day after yesterday’s drop to $0.20.
The total crypto market capitalization remained relatively unchanged at just under $2.4 trillion in CG.
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