Bitcoin Hits 17-Day High, Avalanche Posts Double-Digit Gains (Market Watch)
bitcoin-usd/”>BITCOIN‘S BACK, BABY! 🚀💸
Oh joy, oh rapture! Bitcoin’s price has finally managed to tap $87,600, a feat it hadn’t achieved since March 7. I mean, it’s not like it’s a big deal or anything, but hey, a 17-day high is worth celebrating, right? 🎉
The altcoins, being the fashionistas they are, have followed suit, with AVAX leading the charge. Meanwhile, Pi Network’s PI token continues to hemorrhage value, because who needs a functioning token when you can have a sad, sad story to tell? 🤣
BTC Reclaims $87K (Because It’s a Big Deal)
So, the previous business week was a real snooze-fest, price-wise. But then, on Wednesday, the US Fed had its second meeting of the year, and we all thought, “Oh no, they’re going to change the interest rates and ruin everything!” But nope, they just said no, and BTC went on a wild ride, up and down by a few grand within hours. Because, you know, stability is overrated. 🙄
Then, on Thursday, Ripple‘s CEO, Brad Garlinghouse, said some stuff, and BTC flew to $87,500, only to be quickly halted and pushed south by several grand. Because, you know, the market can’t handle a little bit of good news. 🤦♂️
But, in a shocking turn of events, BTC recovered most of the lost ground and returned to $84,000, where it spent most of the weekend. And then, it went on the offensive late last night and surpassed $87,000. And then, it even briefly tapped $87,600 (on Bitstamp) for the first time in over two weeks. Because, you know, records are meant to be broken. 🏆
Although it has retraced slightly since then, BTC still trades above $87,000. Its market cap has jumped to $1.730 trillion on CG, while its dominance over the alts is up to 58.5%. Because, you know, being the biggest kid on the block has its perks. 🤣
AVAX Runs Wild (And So Does Everyone Else)
As we all know, most alts are well in the green today. Ethereum is close to $2,100 after a 3.5% daily surge, XRP has surpassed $2.45 following a similar increase, while SOL, LINK, and SUI have marked gains of somewhere between 5-7%. Because, you know, it’s a party, and everyone’s invited! 🎉
Avalanche, however, has stolen the show, charting a substantial 12% surge in the past day. As a result, AVAX has neared $22 for the first time in weeks. Because, you know, who needs a stable token when you can have a wild ride? 🎢
In contrast, PI continues to bleed out, dumping by another 6% in the past 24 hours to well below $1. Because, you know, some tokens are just meant to be sad. 😔
The total crypto market cap has added around $80 billion since yesterday and is up to $2.960 trillion on CG. Because, you know, money grows on trees (or in this case, on blockchain). 🌳
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2025-03-24 14:06