WhiteBIT Coin (WBT) Bucks Trend Amidst Altcoin Plunge; Bitcoin (BTC) Hits a Roadblock at $109,000 – Market Update
In the latest scoop on the crypto sphere, the Middle East's mayhem has yet again stirred up a tempest in the digital currency market. Bitcoin plummeted from a whopping $109,000 to take a nosedive, with a struggling recovery attempt ongoing.
Altcoins, save for WBT, are seeing red today, while WBT continues its astounding run, defying the odds.
BTC's Rollercoaster Ride
The ongoing spat in the Middle East took a toll on Bitcoin towards the end of the previous workweek. After trading close to $108,500, the initial Israeli attack left the market in a fluster, causing Bitcoin to plunge by a few grand to under $103,000.
Despite Iran's response on the succeeding day and the lingering conflicts, Bitcoin recovered some ground over the weekend, holding steady between $104,000 to $106,000.
The first day of this workweek brought more cheer as Bitcoin surged past $107,000 on Monday, keeping the momentum going past the evening to hit a multi-day high of $109,000. However, U.S. President Trump's advice to evacuate Tehran sent Bitcoin tumbling back down to under $106,400.
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Since then, Bitcoin has retaken some ground and is trading close to $107,000, but it's still slightly in the red on a daily basis. The market cap has dropped to $2.120 trillion on CG, with Bitcoin's dominance slightly increasing over the alts to 61.6%.
WBT's Relentless Run
Most altcoins have seen a daily drop, led by the recent sensation, HYPE. After charting another all-time high the previous day, HYPE is down by over 5% since then to $42. Steeper losses have hit some notables like PEPE, PI, TAO, ONDO, ICP, and KAS.
The likes of SOL, SUI, AVAX, ADA, ETH, DOGE, and LINK are also in the red, albeit in a more modest manner. In contrast, XRP, BNB, TRX, and BCH have inked gains.
Among all, WBT stands out, surging by another 30% in the last 24 hours, setting a new high above $50.
The total crypto market cap has shed around $40 billion since yesterday and currently sits at $3.440 trillion on CG.
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- Despite the continuous volatility in Bitcoin's market, altcoins like SOL, SUI, AVAX, ADA, ETH, DOGE, and LINK are also experiencing a dip, trading in the red.
- Interestingly, WBT, an altcoin that has recently been gaining attention, defies the market trend and has surged by another 30% in the last 24 hours, reaching a new high above $50.
- In sports-related crypto news, blockchain technology is increasingly being adopted for sports training, trading, and fan engagement, with crypto assets like Binance Coin (BNB) and TRON (TRX) being utilized in various platforms.
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