(17 June 2024, 09:06 AM IST):
Bitcoin Above $66K, While Convex, Jasmycoin, and Luna Classic Bounce Back
As we kick off the new week, the cryptocurrency market presents a mixed bag of emotions. While major players like Bitcoin (BTC) and Ethereum (ETH) face bearish sentiments, some altcoins are showing impressive gains today.
Bitcoin & Ethereum Performance:
Bitcoin (BTC) is currently trading at $66,291, reflecting a modest 0.34% increase over the last 24 hours. Despite this uptick, the overall sentiment around Bitcoin remains bearish until it can surpass the $71K mark. Bitcoin’s market capitalization now stands at $1.31 trillion.
Ethereum (ETH) is showing signs of recovery, rising by 0.91% to reach $3,586 in the past 24 hours. With a market cap of $430 billion, Ethereum’s performance is being closely watched by investors.
Altcoins on the Rise:
While the top cryptocurrencies wrestle with market pressures, altcoins such as Convex (CVX), Jasmycoin (JASMY), and Luna Classic (LUNC) are experiencing significant surges.
1.Convex (CVX):
Convex (CVX) has made a remarkable comeback, jumping by an impressive 72.97% over the last 24 hours to reach $3.58. This surge has boosted Convex’s market cap to $331 million, marking it as a coin to watch.
2.Jasmycoin (JASMY):
Jasmycoin (JASMY), a trending IoT token, continues to rally and is in the spotlight today with its price surging by 11.25% to $0.003723. Jasmycoin’s market cap currently stands at $1.84 billion, making it a significant player in the altcoin space.
3.Luna Classic (LUNC):
The price of Terra Token, Luna Classic (LUNC) is bounced back by 8254% over the last 24 hours, reaching $0.0001048. Luna Classic (LUNC) market cap now stands at an $575 million.
As the week progresses, it will be interesting to see if Bitcoin and Ethereum can overcome their bearish trends and if the altcoins can maintain their impressive gains.