DOGE, SHIB Plummet by Double Digits, NEAR Skyrockets 26% Daily (Market Watch)

Bitcoin price movements have been significantly less choppy in the past day after the huge volatility experienced on Tuesday.

The picture is very different among most altcoins, as BNB, SOL, and MATIC rose by 5% to 7%, while DOGE and SHIB plunged sharply.

BTC stagnates at $66K

After making over ten thousand dollars last week and surpassing $60,000, all eyes in the crypto community were on Bitcoin at the start of the current one. Anticipation was based on whether the asset would challenge and even surpass the 2021 ATH of $69,044 (on CoinGecko).

The hype was fueled by Monday's substantial gains that took BTC from below $62,000 to around $68,000. Bitcoin failed on the first attempt, but the bulls pushed an advantage that resulted in tracing a new all-time high on Tuesday of $69,300.

However, the bears came out of the woods at this point and strongly pushed Bitcoin south. Within hours, the cryptocurrency had fallen by almost ten thousand dollars and fell to less than $59,500.

However, between reports According to analysts, there is no need to fear, BTC started to recover quite quickly and returned to around $67,000 almost immediately. Since then, the active hasn't moved much and is just below that level as of now.

Its market capitalization remains above $1.3 trillion, while its dominance over alts has taken a minor hit and is below 50%.

BTCUSD. Source: TradingView

SHIB, DOGE on pullback, CLOSE soars

Most meme coins They were on a roll lately., led by the two most important representatives. However, now the situation with DOGE and SHIB is quite different. The OG meme coin is down 10% in the last 24 hours, while SHIB has plummeted 15%.

ETH has also fallen below $3,800 after a small daily pullback. In contrast, SOL, BNB and MATIC have marked gains of around 5-7%.

However, NEAR has become the best performer among larger-cap alternatives, having risen 26% daily. ATOM and HBAR do the same with 10% increases.

The total cryptocurrency market capitalization has seen a small jump in the last 24 hours and stands at almost $2.65 trillion on CoinGecko.

Cryptocurrency market overview.  Source: Quantify Crypto
Cryptocurrency market overview. Source: Quantify Crypto

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Cryptocurrency charts by TradingView.

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