Bitcoin continues to climb slowly as the asset tapped $111,800 earlier today before it was pushed south by nearly a grand.<\/p>\n
While most altcoins have remained sluggish on a daily scale, AVAX and BCH have marked impressive gains of around 5% each.<\/p>\n
BTC Taps $111K<\/h2>\n
Following the price explosion on August 22 when BTC skyrocketed from under $112,000 to over $117,000 in minutes during the Jerome Powell speech, the cryptocurrency has failed to maintain its run and traded in an apparent downward pattern<\/a>.<\/p>\n After losing a few key support levels along the way, bitcoin\u2019s price tumbled at the beginning of the current business week to just over $107,000. This became its lowest price tag in roughly two months.<\/p>\n The bulls finally stepped up on Monday evening and didn\u2019t allow a further breakdown. Instead, BTC started to recover some ground and returned<\/a> to $110,000 yesterday. It climbed slightly again on Wednesday morning to almost $112,000, where it faced some pressure and was driven to the current $111,000.<\/p>\n Its market capitalization has risen to just over $2.210 trillion on CG, while its dominance over the alts<\/a> stands tall at 56.5%.<\/p>\n Ethereum was recently stopped at $4,500, and despite the massive accumulations from corporations and whales, the asset has failed to resume its run and now struggles to remain above $4,300. On a daily scale, BNB, TRX, LINK, and HYPE are also slightly in the red.<\/p>\n In contrast, SOL has jumped by 3% and now sits around $210. DOGE, ADA, and SUI have charted insignificant gains. The day belongs to Avalanche and Bitcoin Cash from the larger-cap alts, as both have risen by around 5% of value to $25 and $600, respectively.<\/p>\n MemeCore is once again the top performer, having soared by 14% daily to $0.95. BGB and ONDO follow suit, but are far behind.<\/p>\n The total crypto market cap has remained above $3.9 trillion on CG after a minor daily increase.<\/p>\n LIMITED OFFER for CryptoPotato readers at Bybit: Use this link<\/a> to register and open a $500 FREE position on any coin!<\/b><\/p>\n Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.<\/span><\/span><\/p>\n<\/div>\nBCH, AVAX on the Rise<\/h2>\n
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