After failing to clear $24,000 yesterday, bitcoin plunged sharply, briefly surpassing $1,500. Most altcoins are as deficit today as they were yesterday. However, Dogecoin has emerged as his top performer today following news on the Twitter front.Bitcoin Below $23K
As CryptoPotato reported today, January 2023 is set to be the best month in over a year. This is because BTC started the year below its $17,000 level and then surged around 40% over the next 31 days.
Yesterday was even higher as the bulls once again started an impressive uptrend and fell within inches of $24,000. This is his highest BTC since mid-August 2022. In the hours that followed, the cryptocurrency fell to $23,000 and continued to plummet to intraday lows of $22,400 (on Bitstamp).
BTC has recovered somewhat since then, but BTC is still struggling below $23,000. Its market cap has slumped to $440 billion, and its dominance over alternatives has slipped slightly, currently standing at 42.4%.
DOGE Raise by 8%
Most altcoins posted impressive gains late last week, but the trend is now changing. Ethereum held him well above $1,600 over the weekend, but two straight days of declines have pushed him as high as $1,570 so far.
Ripple, Cardano, Polygon, OKB, Solana, Polkadot, and Avalanche are also slightly reddish from large-cap alts.
Binance Coin, Shiba Inu, and Litecoin are the few exceptions that make only a small profit. However, Dogecoin stands out as the top performer today. DOGE is up 8%, with Elon Musk hinting that Twitter may soon integrate cryptocurrency payments.
However, the cumulative market capitalization of all crypto assets they lost was more than $15 billion in a single day, and on CMC it plummeted to $1.4 trillion.
