10While Bitcoin (BTC) extends its price actions around the $46,000 market, alternative tokens such as Tezos registered impressive daily surges.
Bitcoin has consolidated over the last 24 hours after failing to overpower $47,000, plunging towards $46,000. Most alternative tokens saw price retracements over the same period. Tezos (XTZ) is among the exception, increasing by 25% in one day.
Altcoins Correct as Tezos Surge Hard
The crypto market witnessed high volatility over the past few days. The Tuesday sudden plunge had ETH dropping from $4,000 to settle over $3,000. However, the leading altcoin has tried to recover since then. Ethereum managed to rise above $3,500 yesterday before dropping towards $3,400.
Cardano, the crypto waiting for its incoming hard fork, experienced significant losses since yesterday to hover beneath $2.5 at the moment. Other tokens with identical plunges include Litecoin, Uniswap, Bitcoin Cash, Chainlink, Dogecoin, and Ripple.
Interestingly, Solana lost a remarkable 13% in one day to trade at $185 after recording a new ATH yesterday over the $200 mark. Solana has registered promising upticks over the past sessions, overcoming many obstacles to attain price peaks.
Among the larger-cap altcoins, Terra and Polkadot are the only ones in the green today. LUNA surged to $33 after gaining 8%, while DOT climbed by 6% towards $31. However, Tezos has led the gainers over the past 24 hours.
XTZ had its value at $6 after exploding by 27%. With that, the alt attained its highest mark since mid-May. Other lesser tokens that rose include Curve DAO Token (+11%), Revain (+11%), Harmony (+22%), ICON (+25%), and Celo (+26%).
BTC Stills Steadies at $46K
The flagship digital asset experienced roller-coaster movements this week. The token surged gradually to $53,000, its 4-month peak, before losing $10,000 towards $43,000 during Tuesday sessions. However, Bitcoin bounced off to recover some of the dollars within no time. It tried to challenge the price level at $47,000 before bears stepped up to drive BTC south again.
For now, Bitcoin trades around the $46,000 price level. The leading coin has its market cap standing around $870 billion as its dominance is at 41.5%.
Stay tuned for upcoming crypto updates.
James Thompson