Bitcoin Stalls at $120K, While Ethereum and Other Altcoins Surge Bitcoin’s recent price recovery hit a wall at $120,000, where sellers stepped in and pushed the price down by about $2,000. Meanwhile, many altcoins have been rising in value over the past day. Ethereum (ETH) is one of the top performers, climbing close to $3,500. Bitcoin Hits New High, Then Pulls Back Bitcoin had a historic week starting last Wednesday. After breaking past the $110,000 resistance level, it quickly reached a new all-time high of $112,000. The rally continued over the next two days, pushing the price to nearly $119,000 by Friday. Things slowed down over the weekend until Sunday night, when the price started climbing again. On Monday, bitcoin surged once more, reaching just over $123,000—its latest and highest-ever price. In just a few days, BTC gained more than $15,000. But after such a big jump, a correction followed. As large holders and investors took profits, the price dropped to just under $116,000 on Tuesday. Still, the bulls defended that level and tried to push BTC back up. It tested $120,000 again yesterday but couldn’t hold it. Right now, bitcoin is trading around $118,000 with a total market cap of about $2.35 trillion. However, its market dominance (share of the total crypto market) has fallen to 60.6%, down from over 63% last week. Ethereum and Other Altcoins on the Rise Altcoins have been doing well lately. Ethereum (ETH) rose by 9% in the past 24 hours and is now close to $3,450—its highest in five months. XRP is also performing strongly. Whale investors (those holding large amounts) have been buying, helping XRP rise to over $3.15. It’s now only about 7% below its 2018 all-time high of $3.40. Other popular coins like Dogecoin, Solana, Shiba Inu, and PEPE have also seen big gains. However, BONK has outperformed many of the bigger names, and FLOKI is the top gainer among.$XRP $BTC $ETH #StrategyBTCPurchase
Pakistan and El Salvador have established bilateral ties for the first time, putting cryptocurrency cooperation at the center of the relationship.
Bilal Bin Saqib, chief executive of Pakistan Crypto Council and special assistant to Pakistan’s prime minister on crypto and blockchain, met with El Salvador’s President Nayib Bukele in the South American country to discuss a knowledge-sharing partnership, according to a statement by Pakistan minister’s office$BTC $ETH $SOL #BTCWhaleTracker
I can't imagine how #alts market will bleed again if it happen 🥲 A daily candle close below 94,000$ could lead to another panic sell of on the market.
It can be another fake dump (trap) before to see a bull correction on #Altcoins! ... it's very disturbing to see markets fall like this without correction.
Stay cautious with short positions and set stop losses!