MetaverseNFTCoins.com
  • NFT News
  • Crypto News
  • Blockchain
  • Regulations
  • Scams
No Result
View All Result
MetaverseNFTCoins.com
No Result
View All Result

Cardano Spikes 7%, Bitcoin Struggles at $56K

December 3, 2021
in Crypto News
Reading Time: 3 mins read
A A
Cardano Spikes 7%, Bitcoin Struggles at $56K
ShareShareShareShareShare

Following a few unsuccessful attempts to overcome $59,000, bitcoin continues to struggle below $57,000. Most alts are untypically stable on a daily scale, aside from a 7% spike from Cardano and yet another all-time high from Terra.

ADA Jumps 7%: LUNA New ATH

The second-largest cryptocurrency came less than 1% away from registering a fresh all-time high just two days ago. However, it failed to conquer $4,800, and the subsequent rejection drove ETH to just below $4,600, where it’s currently situated as well.

Binance Coin, Ripple, and Polkadot are also slightly in the red. More substantial price losses are evident from Dogecoin (-6%), Avalanche (-8.3%), and Shiba Inu (-4%). Consequently, DOGE is close to breaking below $0.20, AVAX is just beneath $110, and SHIB stands at $0.000042.

In contrast, Cardano surged by 7% in a day and sits well above $1.6 now. Terra, on the other hand, continues with its impressive performance as of later with another 8% increase. Consequently, LUNA tapped a new ATH at just under $70.

Most lower- and mid-cap alts are in the red today. Immutable X lost the most value in a day as a 10% drop has pushed IMX to $7.2. Voyager Token (-9%), KuCoin Token (-9%), Horizen (-9%), Stacks (-8%), Basic Attention Token (-8%), Audius (-8%), and Aave (-7%) follow.

Cryptocurrency Market Overview. Source: Quantify Crypto

Bitcoin Suffers Below $57K

Ever since bitcoin fell below $59,000 a week ago, it has been unable to break above it, despite the numerous attempts. Since November 29th, BTC has tried three times to overcome the resistance at that level but to no avail.

The latest attempt came on Wednesday, but the bears quickly intercepted the move and pushed bitcoin south again. This time, the cryptocurrency lost more than $3,000 of value in hours and dumped below $56,000.

It bounced off and briefly exceeded $57,000 hours later but has retraced to $56,500 once again as of writing these lines. Its market capitalization is still well beneath $1.1 trillion, and the dominance over the alts is below 41%.

BTCUSD. Source: TradingView
BTCUSD. Source: TradingView
SPECIAL OFFER (Sponsored)

Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to $1750.

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

ShareSendTweetPinShare
Previous Post

Ethereum Performs Better than Bitcoin in Annual Returns with a 663% Gain

Next Post

Discussions on cryptocurrency, NFTs in Zee media’s Crypto spotlight 2021

Next Post
Discussions on cryptocurrency, NFTs in Zee media’s Crypto spotlight 2021

Discussions on cryptocurrency, NFTs in Zee media’s Crypto spotlight 2021

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Weekly Updates

NFT Collection PolkaPets TCG Price, Stats, and Review

NFT Collection PolkaPets TCG Price, Stats, and Review

January 28, 2023
Avalanche Skyrockets 14%, Bitcoin Calm at $23K (Weekend Watch)

Avalanche Skyrockets 14%, Bitcoin Calm at $23K (Weekend Watch)

January 28, 2023
98% of Projects Listed on Uniswap Are Scam (Study)

Beware These NFT Scammers on Twitter, On-Chain Sleuth Warns

January 27, 2023
Biggest Crypto Gainers Today – February 2

Biggest Crypto Gainers Today – February 2

February 2, 2023
Standards Setter Floats New Rule on Crypto Accounting

Standards Setter Floats New Rule on Crypto Accounting

February 1, 2023
MetaverseNFTCoins.com

This is an online news portal that aims to provide the latest NFT news, crypto news, blockchain, regulations, scams, and much more stuff like that around the world. We promise to share only high quality content from the world's best crypto sources. Feel free to get in touch.

What’s New Here!

  • MicroStrategy Reports Record Fourth Quarter Loss – Says No Plan To Stop BTC Trading
  • Is Pi Network worth anything?
  • Binance, Kazakhstan agrees on ‘wait-and-see’ approach in regulating DeFi

Subscribe Now

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2021 - metaversenftcoins.com - All rights reserved!

No Result
View All Result
  • NFT News
  • Crypto News
  • Blockchain
  • Regulations
  • Scams

© 2021 - metaversenftcoins.com - All rights reserved!

  • bitcoinBitcoin (BTC) $ 23,435.00 1.38%
  • ethereumEthereum (ETH) $ 1,658.87 0.85%
  • tetherTether (USDT) $ 1.00 0.33%
  • bnbBNB (BNB) $ 332.46 1.39%
  • usd-coinUSD Coin (USDC) $ 1.00 0.34%
  • xrpXRP (XRP) $ 0.409637 0.94%
  • binance-usdBinance USD (BUSD) $ 1.00 0.27%
  • cardanoCardano (ADA) $ 0.406094 0.04%
  • dogecoinDogecoin (DOGE) $ 0.092069 0.75%
  • matic-networkPolygon (MATIC) $ 1.23 0.02%
  • okbOKB (OKB) $ 41.27 1.91%
  • solanaSolana (SOL) $ 24.54 2.52%
  • polkadotPolkadot (DOT) $ 7.04 4.81%
  • staked-etherLido Staked Ether (STETH) $ 1,655.36 0.95%
  • shiba-inuShiba Inu (SHIB) $ 0.000012 0.53%
  • litecoinLitecoin (LTC) $ 99.88 0.2%
  • avalanche-2Avalanche (AVAX) $ 21.33 2.83%
  • tronTRON (TRX) $ 0.063905 0.98%
  • uniswapUniswap (UNI) $ 7.13 1.95%
  • daiDai (DAI) $ 1.00 0.18%
  • cosmosCosmos Hub (ATOM) $ 15.09 2.79%
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 23,435.00 1.2%
  • chainlinkChainlink (LINK) $ 7.25 0.84%
  • the-open-networkToncoin (TON) $ 2.34 2.81%
  • ethereum-classicEthereum Classic (ETC) $ 23.21 0.23%
  • leo-tokenLEO Token (LEO) $ 3.37 0.04%
  • moneroMonero (XMR) $ 171.59 3.05%
  • aptosAptos (APT) $ 16.89 5.27%
  • bitcoin-cashBitcoin Cash (BCH) $ 138.31 1.24%
  • stellarStellar (XLM) $ 0.092309 1.05%
  • apecoinApeCoin (APE) $ 5.92 3.06%
  • filecoinFilecoin (FIL) $ 5.64 0.13%
  • nearNEAR Protocol (NEAR) $ 2.48 2.14%
  • quant-networkQuant (QNT) $ 144.11 1.72%
  • crypto-com-chainCronos (CRO) $ 0.080953 0.68%
  • lido-daoLido DAO (LDO) $ 2.32 4.53%
  • algorandAlgorand (ALGO) $ 0.267298 2.07%
  • hedera-hashgraphHedera (HBAR) $ 0.072606 5.01%
  • fantomFantom (FTM) $ 0.644429 2.91%
  • vechainVeChain (VET) $ 0.024657 0.17%
  • internet-computerInternet Computer (ICP) $ 5.84 2.01%
  • decentralandDecentraland (MANA) $ 0.781021 4.17%
  • axie-infinityAxie Infinity (AXS) $ 11.43 1.41%
  • aaveAave (AAVE) $ 90.23 0.55%
  • flowFlow (FLOW) $ 1.18 0.78%
  • the-sandboxThe Sandbox (SAND) $ 0.760915 0.99%
  • eosEOS (EOS) $ 1.09 0.8%
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000194 12.66%
  • elrond-erd-2MultiversX (EGLD) $ 45.67 0.49%
  • theta-tokenTheta Network (THETA) $ 1.11 1.19%