Altcoins Soar Double Digits While Bitcoin Slips

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Bitcoin’s price ascent from Sunday and Monday was stopped at $116,000, and the asset slid below $114,000 on its way toward a CME gap formed during the weekend.

Several altcoins have produced impressive gains over the past 24 hours, including FIGR_HELOC, HBAR, TRUMP, TAO, and PUMP.

BTC Slips From Local Peak
The primary cryptocurrency went on the offensive at the beginning of the previous business week as well, surging from $108,000 to $114,000 only to be stopped and drive south hard, sliding to a multi-day low of just over $106,000. The bulls stepped up after this massive correction and drove BTC up to $111,000 by the end of the week when the US CPI numbers came out.

At first, bitcoin jumped to $112,000 after the fears of growing inflation eased, but then it suddenly dropped below $110,000. Still, it recovered some ground during the weekend and initiated another leg up on Sunday after US Secretary Bessent said Washington is close to striking a trade deal with Beijing.


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