HYPE Jumps 25% Daily as Bitcoin Struggles Below $88K

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HYPE and PUMP are the two top gainers over the past 24 hours.

Bitcoin’s indecisiveness continues as the asset was stopped once again at $89,000 and now sits over a grand lower.

Most larger-cap alts have performed similarly over the past 24 hours, aside from HYPE, which has skyrocketed by 25% to a multi-week peak.

BTC Back Below $88K
Bitcoin’s actual troubles began last Monday when the Asian stock and most futures markets opened after Trump’s tariff threats against the European Union. In just a few hours, the asset lost over three grand and fell to $92,000. Its painful decline continued in the following days, dropping to $87,200.

After a minor relief rally mid-week, it finally seemed as if the bulls had taken control on Friday, driving the cryptocurrency to just over $91,000. However, that was short-lived, and BTC quickly returned to under $90,000. Moreover, it has not been able to surpass that level since then.

Just the opposite; it nosedived once again on Sunday evening, this time to a new multi-week low of $86,000. It managed to bounce yesterday but was stopped at $89,000 and now sits below $88,000 again. Its market capitalization has slipped to $1.750 trillion on CG, while its dominance over the altcoins remains calm at 57.4%.


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