• Contact
  • Privacy Policy
  • Advertise With Us
  • Login
  • Register
Your Trading Edge Magazine
  • Home
  • Feature
    • Market Commentary
    • Expert Advice
    • Columns
  • Trading
    • Shares and Trading
    • Technical Analysis
    • Trading Mindset
  • Crypto News
  • Finance
  • Subscribe
No Result
View All Result
  • Home
  • Feature
    • Market Commentary
    • Expert Advice
    • Columns
  • Trading
    • Shares and Trading
    • Technical Analysis
    • Trading Mindset
  • Crypto News
  • Finance
  • Subscribe
No Result
View All Result
Your Trading Edge Magazine
No Result
View All Result

Bitcoin Corrects Below April’s Previous ATH, Solana Spikes Above $200 After 35% Weekly (Market Watch)

October 22, 2021
in Crypto News
Reading Time: 3 mins read
A A
0
Bitcoin Corrects Below April’s Previous ATH, Solana Spikes Above $200 After 35% Weekly (Market Watch)
0
SHARES
7
VIEWS
ShareShareShareShareShare

The volatile roller-coaster returned to the crypto markets again after bitcoin’s ATH, and the asset dropped by more than $5,000 a day later. While most altcoins have stalled on a 24-hour scale, Solana has gone on a tear once more by breaking above $200.

Bitcoin Lost $5K

The news that the US will finally have its own Bitcoin ETF, even if it’s a Futures one, for now, brought significant gains for the primary cryptocurrency. BTC traded below $58,000 last week when the first reports emerged but quickly skyrocketed above $60,000.

It kept climbing further, which culminated on October 20th. Bitcoin broke its April ATH of $65,000 and charted a new one at approximately $67,000.

After this peak, though, the bears came to play and pushed the asset south. The situation worsened yesterday when bitcoin dumped all the way down to $61,800 (on Bitstamp), but it went to even four digits on some exchanges in a flash crash event.

As of now, BTC has recovered some ground and stands above $63,000. Its market capitalization sits around $1.2 trillion, while the dominance over the altcoins is at 46%.

BTCUSD. Source: TradingView

Alts Stall: SOL Doesn’t

The alternative coins also saw multi-month highs against the dollar in the past few days, but most have retraced slightly since yesterday. Ethereum came just inches away from a new ATH but is now down to just over $4,100.

Binance Coin, Cardano, Ripple, Dogecoin, Uniswap, and Litecoin have also seen minor losses. In contrast, Polkadot and Avalanche have charted slight gains. Terra has surged by more than 7%, but Solana has stolen the show again with a 9.5% increase in a day.

Moreover, SOL is up by 30% in the past week and has spiked above $200 for the first time in a few months.

The cryptocurrency market cap, which charted a new record at over $2.650 trillion, has lost more than $60 billion since then and is currently just shy of $2.6 trillion.

Cryptocurrency Market Overview. Source: Quantify Crypto
Cryptocurrency Market Overview. Source: Quantify Crypto
SPECIAL OFFER (Sponsored)

Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.

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.

Credit: Source link

ShareTweetSendPinShare
Previous Post

AVOIDING ERROR IN THE BILL OF LADING LIFECYCLE

Next Post

Making sense of the Twisted Sister labor market: Morning Brief

Related Posts

BlockFi Gets Money Services License in Iowa Weeks After Paying a $1M Penalty
Crypto News

BlockFi Gets Money Services License in Iowa Weeks After Paying a $1M Penalty

June 29, 2022
4
ChangeNOW’s Mike Ermolaev on Non-Custodial Wallets vs. CEXs in Forbes Interview
Crypto News

ChangeNOW’s Mike Ermolaev on Non-Custodial Wallets vs. CEXs in Forbes Interview

June 29, 2022
7
Snoop Dogg on crypto winter and why its good for the industry
Crypto News

Snoop Dogg on crypto winter and why its good for the industry

June 29, 2022
5
White House set to make recommendations to reduce crypto energy consumption
Crypto News

Crypto miners putting more pressure on Bitcoin price

June 29, 2022
5
Celsius Denies Reports That Company CEO Alex Mashinsky Tried to Leave the US
Crypto News

Celsius Denies Reports That Company CEO Alex Mashinsky Tried to Leave the US

June 29, 2022
4
Next Post
Making sense of the Twisted Sister labor market: Morning Brief

Making sense of the Twisted Sister labor market: Morning Brief

Recommended

ICP is up by more than 9% in the last 24 hours

ICP is up by more than 9% in the last 24 hours

June 3, 2022
6
Global Foreign Direct Investment Recovered To Pre-Pandemic Levels In 2021 But Uncertainty Looms In 2022

Global Foreign Direct Investment Recovered To Pre-Pandemic Levels In 2021 But Uncertainty Looms In 2022

June 21, 2022
5
India will consider 28% additional tax on crypto sales next week

India will consider 28% additional tax on crypto sales next week

June 23, 2022
5
US Senators call on OSTP to restrict PoW mining to zero-carbon energy sources

US Senators call on OSTP to restrict PoW mining to zero-carbon energy sources

June 24, 2022
6
Port of Rotterdam to Start Green Hydrogen Trial

Port of Rotterdam to Start Green Hydrogen Trial

June 16, 2022
7
Your Trading Edge Magazine

This is an online news portal that aims to share the latest news about trade, finance, crypto and much more. Feel free to get in touch with us!

What’s New Here!

  • Economic Pressures Contribute to Finance Leaders Improving Last-Mile Readiness
  • BlockFi Gets Money Services License in Iowa Weeks After Paying a $1M Penalty
  • 80% of U.S. Small Businesses Are Confident They Could Withstand a U.S. Economic Recession

Subscribe Now

Loading
  • Contact
  • Privacy Policy
  • Advertise With Us

© 2021 - ytemagazine.com - All rights reserved!

No Result
View All Result
  • Home
  • Feature
    • Market Commentary
    • Expert Advice
    • Columns
  • Trading
    • Shares and Trading
    • Technical Analysis
    • Trading Mindset
  • Crypto News
  • Finance
  • Subscribe

© 2021 - ytemagazine.com - All rights reserved!

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?