Oh, dear Bitcoin! You’re on a wild rollercoaster again! After a weekend that can only be described as “peaceful-ish” (if that even exists in crypto land), Bitcoin made its biggest splash by creeping up to a modest $111,000, only to meet a brick wall. Ouch, that stings! 😅
Meanwhile, those pesky larger-cap altcoins couldn’t get a break, dropping ever so slightly. Among the sad bunch were HYPE, BCH, HBAR, ZEC, and TAO, all dragging their feet like they missed the memo on how to party. 🎉🙄
BTC Stopped at $111K For Now… And It’s Just Staring at It
Bitcoin kicked off the business week like a champ, rocketing up to over $116,000. Monday was feeling good! But of course, we couldn’t have a smooth ride for long. A minor hiccup led to some awkward drops, and by Tuesday, Bitcoin was like, “Whoops, there I go again!” plunging and getting stuck at that $112,000 level.
Then, just when we thought things couldn’t get worse, the US Federal Reserve did its thing (again) and slashed interest rates for the second time. This sent Bitcoin tumbling down like an overcooked pancake, down to $110,000, then dipping below $106,500 on Thursday. You know, just to keep it interesting. 😬
But wait! The bulls finally woke up from their nap and pushed Bitcoin back to a modest $111,500. Unfortunately, that was short-lived. As of the last few hours, Bitcoin has been doing its best to break that $111,000 mark but… no luck. Maybe next time, Bitcoin. 🐂💥
The crypto market cap is holding steady at a cool $2.2 trillion, but Bitcoin’s dominance over the altcoins is stagnating at a rather unimpressive 58%. It’s just not the “rockstar” it used to be, huh? 🤷♂️
Alts With Losses – Just a Little Bit of Sadness
In case you were wondering, most of the big alts are feeling a bit down in the dumps too. BNB, SOL, DOGE, TRX, ADA, XLM, and SUI are all showing some red on the charts, while BCH managed to lose over 4% of its value. And as for HBAR, HYPE, and ZEC? Well, they’re all down more than 2%. Could be worse, right? 🤷♀️
On the upside, ETH, XRP, LINK, and AVAX are showing some tiny gains, while XMR and ICP are leading the pack with a respectable 3% rise. But hey, it’s still something! At least they’re not in the red! 💸
And now, the grand finale: the biggest losers of the day. Drumroll please… HASH (-7.5%) and TRUMP (-6.5%). But don’t cry for TRUMP just yet-this meme coin linked to the POTUS has seen a 25% surge over the past week. Well, at least someone’s having a good time! 😜
The total crypto market cap did a little jig overnight and is now just above $3.8 trillion. Hold on tight, folks-this is going to be a bumpy ride! 🎢💥
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2025-11-02 14:38