{"id":4111,"date":"2024-01-16T09:02:51","date_gmt":"2024-01-16T09:02:51","guid":{"rendered":"https:\/\/stoneblock.hr\/?p=4111"},"modified":"2024-01-16T09:02:51","modified_gmt":"2024-01-16T09:02:51","slug":"bitcoin-dips-under-43k-as-toncoin-jumps-10","status":"publish","type":"post","link":"https:\/\/stoneblock.hr\/hr\/bitcoin-dips-under-43k-as-toncoin-jumps-10\/","title":{"rendered":"BITCOIN DIPS UNDER $43K AS TONCOIN JUMPS 10%"},"content":{"rendered":"

BNB, LINK, and TON lead the larger-cap altcoins in gains over the last 24 hours. Following a period of ETF-triggered volatility last week, Bitcoin has recently calmed but dipped below $42,000 on Sunday evening.<\/p>\n\n\n\n

Most altcoins have mirrored Bitcoin’s slight losses, with SOL struggling under $100 and ETH dropping to just above $2,500.<\/p>\n\n\n\n

Bitcoin Drops Below $42K<\/strong><\/p>\n\n\n\n

Bitcoin experienced significant volatility last week amid ETF-related events. From a cyberattack on the SEC to Gary Gensler’s contentious remarks and the eventual approval and launch of 11 ETFs in the US market, the focus was on Bitcoin.<\/p>\n\n\n\n

Bitcoin’s price surged to over $49,000 on Thursday \u2013 the day the ETFs launched \u2013 marking a high not seen in nearly two years. However, it soon plummeted, shedding over $7,000 in just over a day. The reasons for this drop can be explored here.<\/p>\n\n\n\n

After hitting a 2024 low of under $41,600, Bitcoin rebounded and stabilized around $43,000, except for brief dips under $42,000 over the weekend.<\/p>\n\n\n\n

Currently, Bitcoin is trading below $43,000, with a market capitalization struggling at $835 billion. Its dominance over altcoins has significantly weakened in the past week, now below 50% on CoinMarketCap.<\/p>\n\n\n\n

\"\"\/<\/figure>\n\n\n\n

BTCUSD. Source: TradingView<\/em><\/p>\n\n\n\n

Toncoin Outperforms<\/strong><\/p>\n\n\n\n

Following Bitcoin’s decline, most altcoins have experienced minor losses. Ethereum, Cardano, Avalanche, Dogecoin, and Polygon are all down by approximately 1.5%. SOL and TRX have seen more significant drops of 2.5% each, with SOL hovering at $95 and TRX falling to $0.11.<\/p>\n\n\n\n

In contrast, Binance Coin and Chainlink have each risen by about 4%. BNB is now trading above $315, while LINK is above $15.<\/p>\n\n\n\n

Toncoin has shown the most impressive growth among larger-cap altcoins, up by 10% and currently priced at $2.3. INJ and APT have also seen gains.<\/p>\n\n\n\n

The total crypto market capitalization has decreased by roughly $10 billion since yesterday, now at $1.680 trillion according to CoinMarketCap.<\/p>","protected":false},"excerpt":{"rendered":"

BNB, LINK, and TON lead the larger-cap altcoins in gains over the last 24 hours. Following a period of ETF-triggered volatility last week, Bitcoin has recently calmed but dipped below $42,000 on Sunday evening.<\/p>","protected":false},"author":1,"featured_media":4112,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18],"tags":[35,44],"class_list":["post-4111","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitocin","tag-blockchain"],"_links":{"self":[{"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/posts\/4111","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/comments?post=4111"}],"version-history":[{"count":1,"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/posts\/4111\/revisions"}],"predecessor-version":[{"id":4113,"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/posts\/4111\/revisions\/4113"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/media\/4112"}],"wp:attachment":[{"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/media?parent=4111"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/categories?post=4111"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/tags?post=4111"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}