Market Update: ICP, HYPE, and ASTER Shine Amid Market Decline
Markets

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.

Next article

Bitcoin Recovers from $93K Drop as Altcoins Suffer

Newsletter

Get the most talked about stories directly in your inbox

Every week we share the most relevant news in tech, culture, and entertainment. Join our community.

Your privacy is important to us. We promise not to send you spam!