Price movements:

In the last 24 hours, Bitcoin and Ethereum have experienced notable price movements:

• BTC:
  • Current Price: Approximately $101,390.13.
  • 24-Hour High: Reached around $102,500 before dipping.
  • 24-Hour Low: Dropped to about $99,900.
  • Percentage Change: A slight decrease of approximately 0.96% over the past day.
• ETH:
  • Current Price: Approximately $3,912.83.
  • 24-Hour Change: Marked a decrease of about 0.75%.
    

These fluctuations reflect ongoing volatility in the cryptocurrency market, with Bitcoin maintaining a position above the $100,000 mark despite recent sell-offs.

This week in cryptocurrency has been a whirlwind of activity, with sharp shifts in Bitcoin’s value, growing interest in Ethereum, and significant altcoin momentum. Here’s a recap of the key developments:

• Bitcoin’s Price Swings: Bitcoin has dipped below the $100,000 mark several times this week, marking the fifth such occurrence, driven by persistent sell-offs. While it briefly rallied above $100,000, it has since settled near $99,000.
• Ethereum’s Momentum: Ethereum is attracting significant attention, with inflows into Ethereum ETFs reaching about $836.7 million over ten consecutive days. Institutional interest is rising, fueled by BlackRock’s notable investment in Ethereum. Analysts suggest its price trajectory mirrors patterns observed before its 2021 all-time high.
• Altcoin Gains: Signs of an altcoin season are emerging, with tokens like Hedera (HBAR), IOTA, and JasmyCoin seeing dramatic surges of 99%, 79%, and 72% respectively since November. This comes as Bitcoin’s market dominance falls below 55% for the first time in months.
• PEPE Coin’s Ascent: PEPE coin has unexpectedly surpassed Uniswap in market capitalization, reaching $11 billion. This rise highlights the growing popularity of meme coins in the crypto space.
• Regulatory News: On the regulatory side, David Sacks has been appointed to address ongoing cryptocurrency regulatory challenges, including the aftermath of Silvergate Bank’s collapse and issues tied to “Operation Choke Point 2.0.”

Overall, the week showcased a dynamic mix of challenges and opportunities, from Bitcoin’s struggles to Ethereum’s growth and the increasing momentum in altcoins.