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Bitcoin’s Price Choppy at $91K, PEPE Dumps by 7% Daily (Market Watch)
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Bitcoin’s Price Choppy at $91K, PEPE Dumps by 7% Daily (Market Watch)
Nov 19, 2024 8:38 PM

Bitcoins price aimed at $92,000 but to no avail so far as the bears has managed to defend that level.

Many altcoins are on the retreat today, with XRP ADA and PEPE dropping hard. In contrast, HBAR has outperformed the rest of the top 50 alts.

BTC Remains Above $91K

The Trump-victory-induced rally culminated last Wednesday when the primary cryptocurrency neared $94,000 to chart a fresh all-time high. At the time, reports started to emerge indicating that the asset had reached its local peak and could take a while longer to resume its bull run and challenge $100,000.

The following week or so has been quite choppy. BTC fell below $87,000 on a couple of occasions at the end of the business week but bounced off and stopped at around $90,000 during the weekend.

Sunday evening and Monday started with more impressive gains as bitcoin tapped $92,000. However, the bears intercepted the move and didnt allow any further increases despite MicroStrategys continuous massive BTC buys.

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This is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:

Invalid email address Your privacy is guranteed.Thanks for subscribing, you will get your first report in the next hours! As of now, the cryptocurrency trades in a range between $91,000 and $92,000. Its market cap remains above $1.8 trillion on CG and its dominance over the altcoins is close to 56.5%.

Bitcoin/Price/Chart 19.11.24. Source: TradingView

DOGE Recovers Some Ground

Most larger-cap alts are in the red today. ETH, SOL, BNB, SHIB, BCH, and SUI are with minor losses, while XRP, ADA, AVAX, and WIF have dropped by up to 6.5%.

PEPE has lost the most value over the past day, dropping by 7.5%. As a result, the third-largest meme coin now struggles to maintain $0.00002.

In contrast, the largest of the meme token sphere has risen by nearly 3% and is close to $0.39. XTZ has returned to the top 100 alts after a 36% daily surge that has pushed its price to over $1.1. HBAR is the other notable gainer over the past day, having surged by 27% to $0.14.

The total crypto market cap has declined slightly since yesterday but it is still above $3.2 trillion on CG.

Cryptocurrency Market Overview. Source: QuantifyCrypto SPECIAL OFFER (Sponsored) Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.

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