@$19386: Bitcoin Reclaims $19K, Terra Classic (LUNC) Jumps 7% (Market Watch)

@$19386: Bitcoin Reclaims $19K, Terra Classic (LUNC) Jumps 7% (Market Watch)

Following yesterday’s enhanced volatility in which bitcoin slumped by over $1,500 in hours, the asset has bounced off and jumped above $19,000.

Most altcoins are also slightly in the green today, with Terra Classic jumping by almost 7% daily.

Bitcoin Back Above $19K

The primary cryptocurrency was quite stable during the weekend at $19,000. This came after last week’s price slump from $20,000 to a three-month low of $18,100 as the US Federal Reserve announced its latest interest rate hike.

However, bitcoin doesn’t tend to stay in one place for long and dipped to $18,600 on Monday before it shot up to over $20,000 on Tuesday. The latter was a 12-day high.

As reports emerged that many investors had put sell orders at the psychological $20,000 line, the asset somewhat expectedly tumbled by about $1,500 and found itself struggling below $19,000 hours later.

Nevertheless, it reacted rather positively at this point and bounced off to over $19,000, reaching an intraday high of $19,800. As of now, it has retraced by a few hundred dollars, but its market capitalization is at $370 billion, and its dominance over the altcoins has touched 40%.

BTCUSD. Source: TradingView

LUNC Up 7% Daily

The altcoins suffered just as badly as BTC yesterday, but the landscape seems quite different today.

Ethereum, which has been underperforming ever since the Merge took place two weeks ago, dumped to around $1,200 at one point yesterday. A similar increase to bitcoin’s on a daily scale has now pushed ETH to over $1,300.

Binance Coin, Ripple, and Solana have added up to 4% in a day and trade at $281, $0.44, and $33, respectively.

Albeit more modest, Cardano, Dogecoin, Polkadot, Shiba Inu, TRON, MATIC, and Avalanche are also in the green today.

LUNC has jumped by about 7% in a day as the battle between South Korean prosecutors and Do Kwon rages on.

The overall cryptocurrency market capitalization has added about $20 billion since yesterday’s crash and has remained well above $900 billion.

Cryptocurrency Market Overview. Source: Quantify Crypto

The post Bitcoin Reclaims $19K, Terra Classic (LUNC) Jumps 7% (Market Watch) appeared first on CryptoPotato.

More Airdrops...

FREE AlcheGold Tokens In Alchemon NFT Airdrop!
FREE ANSR Coins In Answerly Crypto Airdrop!
FREE ANSR Tokens In Answerly NFT Airdrop!
FREE NFTs Tokens In Rubic NFT Airdrop!
FREE Metaverse Citizenship Tokens In Blockchain Land NFT Airdrop!
Metaverse Citizenship
FREE MCT + MAGIC CLUB NFTs Tokens In Magic Club NFT Airdrop!
FREE BIXB + Discount Tickets Tokens In Metabix by BixBcoin NFT Airdrop!
BIXB + Discount Tickets
FREE IXT Tokens In Planet IX NFT Airdrop!
FREE WZRD + Wizardia NFTs Tokens In Wizardia NFT Airdrop!
WZRD + Wizardia NFTs
FREE IGU Coins In IguVerse Crypto Airdrop!

More NFT Drops...

Mar 29
NFT DROP: Meta Panther Club
Mar 29
NFT DROP: Blockmaster NFT
Mar 29
NFT DROP: Symbio
Mar 29
NFT DROP: Crypto Wiener NFTs
Mar 29
NFT DROP: Manga Society
Mar 29
NFT DROP: Stoned Puppies
Mar 29
NFT DROP: MVA ( Mysterious Vegan Ape )
Mar 28
NFT DROP: Sol Dog Club
Mar 28
NFT DROP: Dodomoo
Mar 28

More Crypto News...

@$19386: Bitcoin Reclaims $19K, Terra Classic (LUNC) Jumps 7% (Market Watch) was posted on September 29, 2022. This post may include a link to a website operated by a 3rd party. MegaSheep doesn’t claim to own or represent any of the trade names, products or trademarks associated with any of the linked posts!

Copyright 2018-2023, MegaSheep.com.
Power In The Horde(TM)
All rights reserved!
Privacy Policy