Crypto radar: altcoins oscillating, Bitcoin in the quiet before the storm. It’s a mixed day in cryptoland. The bitcoin (BTC) price is barely moving and seems to be preparing for a big move up or down. At the same time, the results in the altcoin market are hugely devastating. Both large increases and decreases are visible today.
A look at the crypto market
The total market capitalization, the value of all cryptocurrencies combined, has risen by just under 1.1% to $2.66 trillion in the past 24 hours.
Bitcoin is currently on sale for a price of €64,829 on the Dutch crypto exchange Bitvavo. Over the past 24 hours, this is an increase of 0.76%. On the Dubai-based exchange Bybit powered by SATOS, the price comes to $70,300.
Yesterday’s #BTC OB was also nice confluence with the 1-1 Fib pull. Expecting $74k. pic.twitter.com/mgKKkcr9x3
— Lee Summers (@LeeCryptoTrader) March 26, 2024
The fastest risers, including WIF
Aptos (APT), Internet Computer (ICP) and dogwifhat (WIF) are the fastest rising cryptocurrencies from the top today. All three coins posted nice increases, including once again the popular memecoin dogfight.
- APT is up 12.4% at $18.60
- ICP is up 12.1% at $19.45
- WIF is up 8.6% at $3.16
READ MORE, The challenge of keeping an eye on cryptocurrency assets
All three very neat increases, but if we zoom out, WIF stands out quite a bit. Over the past 30 days, the price of the popular memecoin has risen by an insane 855%, and today the rise continues. Impressive.
The hardest decliners, including Fantom
Fantom (FTM), Toncoin (TON), and Bitcoin Cash (BCH) are the hardest decliners over the past 24 hours in the top 50. These 3 altcoins are down 8.4%, 6.3%, and 5.3%, respectively.
If we zoom out, all 3 are in good shape. Both fantom and toncoin have risen by more than 140% in the past month. Still, they are quite significant declines, which shows that today is a changeable day in terms of direction on the crypto market.
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The most important crypto news of the past day
The most important news today has everything to do with crypto exchange KuCoin. According to reports, the U.S. government has sued the exchange, as well as two founders of the platform. KuCoin is said to have broken Anti-money laundering rules.
In addition, KuCoin would not have tested the required KYC to existing customers, something that is necessary for the US government to be allowed to operate in the country. KuCoin is also said to have lied to the government about the number of customers it has in the United States. Pretty bad news for Ku Coin.