Well, well, well. Just when you thought the crypto market was finally getting its act together, we have yet another twist in the tale. After the news that the US government might (just might) avoid a shutdown this week, BTC’s price decided to throw a tantrum, surging to a jaw-dropping $107,000. But alas, as quickly as it rose, it faced a nasty rejection. Isn’t that just the story of our lives?
As for the altcoins, it’s like watching a bad soap opera. Yesterday’s gains? Gone. ZEC and ICP are leading the race to the bottom, and XMR has decided to join the pity party too. Someone hand me a cocktail, please. 🍸
BTC Halts at $107K – The Party’s Over, Darling
Ah, it wasn’t long ago that BTC experienced a bit of a meltdown, dropping from over $111,000 to under $100,000 in just 48 hours. Who could forget that little drama? And so, the price dipped into the five-digit territory for the first time since June. Drama, drama, drama!
But like any good soap opera character, the bulls came rushing in, all determined to save the day, and BTC bounced back to over $100,000. Not bad, right? Unfortunately, that rally was cut short at $104,000. Talk about a dramatic plot twist, darling. The next thing you know, it was back down to just over $99,000. Classic.
Of course, we can’t keep a good asset down. BTC climbed back to a comfortable $102,000 over the weekend. And then, surprise, Sunday afternoon rolls around, and President Trump promises $2,000 dividend payments for non-high-income Americans. Cue the déjà vu of stimulus checks! BTC surges up to $104,000 and later hits $106,500 on Monday. For a moment, I thought it might finally stick the landing at $107K-but no, it’s back to reality with a $2K dip. Oh, crypto-always keeping us on our toes!
The market cap is now under $2.1 trillion, and BTC’s dominance has slipped below 58%. Someone give it a pep talk. 😏
UNI Soars, ZEC Crashes-Oh, the Irony
It’s not all doom and gloom, though. While most altcoins have turned a very unattractive shade of red, one token has decided to be the star of the show-Uniswap! With a 20% daily gain, UNI has clearly stolen the spotlight, sitting comfortably above $8. Bravo, darling. 👏
Meanwhile, the rest of the gang seems to be in a bit of a slump. ETH is back to $3,550, down 2%. XRP is feeling a little blue at $2.45, down more than 3%. And BNB, SOL, DOGE, ADA, LINK, HYPE, and XLM are all posting rather disappointing losses. Yawn. 😒
But the true champions of the day? ZEC, darling. The once high-flying privacy coin has plummeted 25% and now languishes at $485. Poor thing. ICP isn’t far behind with a 12.5% drop, and XMR has also taken a 10% hit. What a spectacular fall from grace. 💅
In total, the crypto market has slid by more than $50 billion, leaving it at a modest $3.63 trillion. Someone call the undertaker. ⚰️
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2025-11-11 13:20