
Market Update: ICP, HYPE, and ASTER Shine Amid Market Decline
An overview of the current cryptocurrency market, highlighting the resilience of ICP, HYPE, and ASTER amidst a downturn.
Bitcoin’s persistent price losses over recent days have caused it to drop to a low under $90,000, marking its lowest point in seven months. Other cryptocurrencies have also shown similar declines, with ETH slipping below $3,000 and BNB near $900. Nonetheless, a few altcoins have remained resilient.
BTC Continues to Decline
November has been a tough month for Bitcoin, which started the month around $111,000 but soon fell under $100,000. After a brief recovery to about $107,000, it started to slide again, falling below $100,000 late Thursday. Friday saw a further drop to $94,000, followed by a weekend rebound where BTC hovered between $94,000 and $96,000.
However, another downward trend began on Sunday, culminating in a drastic fall to below $90,000 on Monday—the lowest price in approximately seven months. Currently, BTC is recovering slightly to around $91,000, with its market cap reduced to just over $1.8 trillion and its dominance over altcoins dropping below 57%.
ICP, HYPE, ASTER Perform Unusually Well
While Bitcoin and many other altcoins suffered, some managed to thrive. ICP emerged as the biggest gainer, soaring more than 15% to over $5.6. HYPE increased by 5.5% to surpass $40, and ASTER rose by 7.5% to just above $1.30. Overall, the crypto market cap fell by around $150 billion in just one day to $3.2 trillion.
