Bitcoin Soars to $126K, Altcoins Plunge: A Rollercoaster You Can’t Miss!

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The cryptocurrency market-oh, how it loves its drama! In the last 24 hours, Bitcoin (BTC) went on a wild ride, reaching a fresh all-time high (ATH) above $126,000. But, as with all great tales, the glory was short-lived. After hitting that peak, the mighty Bitcoin plummeted faster than an overcooked pancake, settling below $124,000. Tragic, isn’t it? 😩

As if that wasn’t enough, some of the most beloved altcoins, such as Hyperliqduid (HYPE), Solana (SOL), and Litecoin (LTC), have taken a hit too. It’s like watching your favorite soap opera characters spiral into drama. 📉

BTC’s Wild Ride: A Masterclass in Volatility

Oh, the illustrious Bitcoin! It shone brightly on October 6th, cresting like a mythical beast and smashing a new ATH of over $126,000. The market was ecstatic, and Bitcoin was practically strutting down Wall Street. But, alas, just as fast as it soared, it started descending. As we speak, Bitcoin is playing peek-a-boo around the $123,700 mark. A true rollercoaster of emotions! 🎢

But wait, there’s more! The driving force behind Bitcoin’s surge is none other than the insatiable appetite for spot Bitcoin ETFs. Investors can’t seem to get enough, as they continue to pour in money like it’s a Black Friday sale. The result? Bitcoin’s bullish momentum is far from over, and even whales-those giant investors-have bought up 60,000 coins in the past week. The market’s supply is shrinking, and hey, that could mean more gains! 🐋💰

Following its brief flirtation with glory, Bitcoin’s market cap skyrocketed to $2.51 trillion, only to fall back to a humble $2.46 trillion. Still, with a 57% dominance over the altcoin world, Bitcoin’s the undisputed king. 👑

Altcoins: Bleeding or Just Taking a Nap?

Meanwhile, the altcoins seem to be taking their cues from Bitcoin’s drama-filled performance. ZCash (ZEC) dropped a heart-wrenching 10% in a single day. Hyperliqduid (HYPE) couldn’t keep up, falling by 6%. Solana (SOL) and Litecoin (LTC)? Not as dramatic but still on a downward slope. It’s almost as if the altcoins are saying, “If Bitcoin’s going down, we’re going down too!” 🤦‍♂️

But fear not, dear reader! Not all is lost. Some cryptos are still on the rise. Plasma (XPL), Mantle (MNT), Bittensor (TAO), Binance Coin (BNB), and Ethereum (ETH) are still floating above the waves, smiling in their green territory. Binance Coin even reached a new ATH just shy of $1,300 before modestly falling back to $1,250. Oh, the humble rise of a true champion! 💪

To top it all off, the entire market cap of the crypto sector has increased by 0.2% in the last 24 hours, now sitting comfortably at around $4.34 trillion. The drama never ends! 💸

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2025-10-07 12:47