Oh, what a charming spectacle! Despite the rosy whispers of US-China harmony and CPI figures that promised gold, our dear Bitcoin, that brave but somewhat temperamental hero, failed to seize the moment and tumbled more than two thousand dollars—alas, such is the fate of the daring investors. 🥲
Most of the coin constellations, DOGE, SUI, ADA, LINK, TRX, and AVAX, join the chorus of red today, posting sizable losses that would make even the stoic universe sigh.
BTC‘s High Ambitions Hit a Brick Wall at $110K
After last week’s tumult—an episode marked by Trump’s verbal fireworks and Musk’s speculative antics—Bitcoin, ever the rollercoaster, dipped below $100,500, only to rebound like a stubborn cat refusing to stay down. It clawed its way back over the weekend, a veritable phoenix rising from the ashes, and aimed for new heights this week.
At one point, it flirted with $110,500, almost reaching the clouds, before being cruelly halted mere steps away from glory. Yesterday, it nearly touched the skies but was swiftly shoved down, more than $2,500 behind its lofty ambitions. Such is the dance of the market—always a step ahead of our hopes.
Now, BTC lingers below $108,000, as if shy of the spotlight, with its market cap deflating to $2.14 trillion. Dominating over the altcoins? Still a proud 61%, as if to remind us who’s boss in this circus.
Altcoins, or How to Get Your Hopes Dashed
Once basking in glory, altcoins now serve as a bitter reminder that applause can turn into boos overnight. Ethereum, the darling of recent months, dipped just over 1%, sitting modestly at $2,750. XRP, not to be outdone, softly skated below $2.25 after a 4% decline—poor thing, trying to keep its head above water.
And then there are the fallen stars: DOGE, TRX, SOL, ADA, SUI, LINK, and AVAX, each losing 6-7%, as if the market decided to throw a party and forgot to invite the winners. Meanwhile, SPX, the overachiever, shot up nearly 9%, leaving the crypto crowd in awe—or despair.
The total market capitalization, ever so fragile, shed over $70 billion and now stands at $3.51 trillion—more like a balloon losing air than a titan rising.
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2025-06-12 12:00