HBAR Up 20% Daily, BTC Price Flirts With $100,000 (Weekend Watch)

Bitcoin’s volatile price moves continue as the asset jumped to $102,000 yesterday, but stopped there and pushed south by a few thousand.

The altcoin space is well in the green now after Friday morning’s correction, including XRP, which has finally recovered to the $2.4 level.

BTC looks towards $100,000

It was another historic week in the cryptocurrency markets as bitcoin did what many thought was impossible over the years. After shedding $93,500 on Tuesday and $94,500 on Wednesday, the leading digital asset resumed its bullish run on Thursday, shooting up nearly ten thousand. As such, it managed to break the coveted $100,000 line and jumped to a new all-time high of $103,800.

After entering uncharted six-digit territory, the asset faced a major shock. Perhaps due to the large number of leveraged positions, bitcoin fell well over ten thousand and briefly dipped to $92,000 on Friday morning.

However, it bounced back and started to regain traction almost immediately. As such, it surpassed $100,000 once again on Friday evening and took advantage of $102,000. Another rejection followed and BTC is now inches below the six-digit mark.

Its market cap has risen to just under $2 trillion in CG, while its hold on the highs has dropped to 51.4%.

Bitcoin/Price/Chart 7.12.2024. Source: TradingView HBAR Enters Top 20

Altcoins faced similar enhanced volatility on Friday morning, but have now turned green. Ethereum even managed to break above $4,000 yesterday evening, but has now fallen below that level. XRP was one of the worst performers in recent days, but is up 6% since yesterday and is above $2.4.

Other daily earnings include BNB, DOGE, ADA, SHIB, XLM, LINK and APT. HBAR has once again stolen the show by rising almost 20% daily. In addition, the asset has gained 100% on a weekly basis and a mind-boggling 590% on a monthly basis.

The total crypto market cap remains near its peak at just under $3.850 trillion.

Cryptocurrency Market Overview. Source: QuantifyCrypto SPECIAL OFFER (Sponsored) Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive an exclusive welcome offer of $600 to Binance (full details).

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