SIREN continues to outperform all other top 100 alts, posting back-to-back double-digit gains.
Sunday’s Bitcoin price correction deepened over the past 12 hours, with the asset falling below $67,500 for the first time since March 9 following the latest developments on the weekend’s Middle East front.
Most larger-cap alternative stocks followed suit, posting losses of 2-3% over the same period. SIREN, however, continues to operate according to its own rules.
BTC dropped to $67.5k
The previous business week started very differently for Bitcoin. The asset stood at around $70,500 after this weekend, but quickly broke above resistance at $74,000 and hit a six-week high of $76,000 on Tuesday morning. This impressive rally stopped immediately at this point, but BTC remained at around $74,000 on Wednesday.
It fell in the hours before the second FOMC meeting of the year to $71,000, rebounded to $72,000 when the Fed left rates unchanged, but fell further after Powell’s hawkish speech. The low at the time was $69,000, but bitcoin managed to rebound past $70,000 over the weekend.
It even touched $71,000 on Sunday morning, but then Trump launched his latest barrage of threats against Iran, and the cryptocurrency fell as low as $68,000 on most exchanges. The bears went even deeper earlier today and bitcoin fell to a two-week low just under $67,500. It has rebounded to over $68,000 at press time, but its market cap has fallen to $1.36 trillion and its alt dominance is struggling at 56.4% on CG.
The world of SIREN
The last few days have belonged entirely to the AI-driven altcoin operating on the BNB chain. SIREN continued to record stunning gains, including another double-digit surge over the past day. It rose 1,230% monthly and reached its last all-time high above $3.60 earlier today before falling back to $3.
In contrast, most other larger-cap alternative assets are in the red daily, with ETH, XRP, SOL, DOGE, HYPE, ADA, and LINK down around 2-3%. XMR is one of the few exceptions in the green, but the red wave continues with MNT, SKY, BGB, SUI and others.
The total crypto market cap continues to struggle to stay above $2.4 trillion on CG, down $200 billion since last Tuesday’s peak.
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