(14 June 2024, 12:12 PM IST):
This Friday morning, the cryptocurrency market is showing mixed sentiments. Bitcoin (BTC), the market leader, has experienced significant volatility, dropping to a low of $65,000 in the past 24 hours. However, it has managed a slight recovery, currently trading at $66,236. Despite this rebound, the overall sentiment around Bitcoin remains bearish until it can break through the $71,000 mark.
In contrast to Bitcoin’s struggles, several other cryptocurrencies are enjoying significant gains. Akash Network (AKT), Notcoin (NOT), and Lido Dao (LDO) are all experiencing notable surges.
Bitcoin (BTC)
As of now, Bitcoin (BTC) is trading at $66,225, down by 0.97% over the last 24 hours. Its market capitalization stands at $1.31 trillion. Ethereum (ETH), another major player in the crypto space, has shown a modest recovery, up by 0.70% to $3,536, with a market cap of $425 billion.
Altcoins Makin Gains:
1. Akash Network (AKT)
Akash Network (AKT) has made a comeback, jumping by 8.22% in the last 24 hours to reach $3.51. The market cap for AKT now stands at approximately $845 million. This AI-focused coin is back on a bullish track, drawing significant attention from investors.
2. Notcoin (NOT)
Notcoin (NOT), currently a trending token, continues its rally with its price surging by 7.89% to $0.01988. Notcoin’s market cap has reached $2.03 billion, keeping it in the spotlight and attracting interest from the crypto community.
3. Lido Dao (LDO)
Lido Dao (LDO), a DAO token, has also seen a substantial increase, jumping by 5.73% over the last 24 hours to $2.07. The market cap for LDO now stands at $1.85 billion, making it another strong performer in today’s market.
In summary, while Bitcoin faces bearish sentiments and struggles to regain higher levels, other cryptocurrencies like Akash Network, Notcoin, and Lido Dao are experiencing impressive gains. This divergence highlights the dynamic and often unpredictable nature of the cryptocurrency market.