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<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bitcoin-takes-a-hit-while-some-altcoins-show-resilience-in-market-volatility" rel="noopener noreferrer nofollow">Bitcoin Takes a Hit While Some Altcoins Show Resilience in Market Volatility</a><br></p>
<p style="text-align: justify">The year 2022 marked a stark contrast to the cryptocurrency bull run of 2021, culminating in a significant drop in <a href="https://en.bitcoinhaber.net/anticipation-peaks-as-sec-decision-on-spot-bitcoin-etf-nears" rel="noopener noreferrer nofollow">Bitcoin</a>‘s value, which almost reached $15,000 towards the year’s end. Subsequent recovery efforts saw a brief spike in March 2024, but the overall trend did not align with optimistic projections. Following the all-time high of $69,000 for Bitcoin, the market witnessed a rapid reversal, with Bitcoin falling by roughly $10,000 in a matter of hours, and only partially bouncing back to $64,575, amidst a 4% market dip.</p>
<h2 id="market-movements-indicate-volatility">Market Movements Indicate Volatility</h2>
<p style="text-align: justify">The crypto market capitalization also experienced a steep decrease, stabilizing just above $1.2 trillion. Bitcoin’s trading volume surged by 38%, amounting to over $99 billion in a single day. In contrast, major altcoins, particularly Ethereum, showcased a surprising resilience, with only a minor 0.32% decrease in value.</p>
<p style="text-align: justify">Other prominent altcoins experienced varied levels of depreciation: <a href="https://en.bitcoinhaber.net/ripples-xrp-shows-resilience-amid-market-fluctuations" rel="noopener noreferrer nofollow">XRP</a> fell by 5.6%, falling below the $0.6 mark, while SOL saw a 1.72% decline, and <a href="https://en.bitcoinhaber.net/cardano-ada-gives-a-signal-for-a-reversal-analysts-say" rel="noopener noreferrer nofollow">ADA</a>‘s value dropped over 6%. Meme coins such as SHIB and DOGE also faced downturns, with SHIB losing its rank and DOGE plummeting by nearly 9%.</p>
<h2 id="altcoin-standouts-amidst-the-downtrend">Altcoin Standouts Amidst the Downtrend</h2>
<p style="text-align: justify">Despite the downward trajectory of Bitcoin and several altcoins, a few have managed to swim against the current. WIF, recently slated for listing on Binance, enjoyed a substantial 28% increase. Other altcoins such as STRK and LUNC also saw significant gains, with LUNC’s value spiking over 11% following an announcement related to Do Kwon’s legal situation.</p>
<p style="text-align: justify">UNI, the native token of Uniswap, is another example of positive movement within the crypto space, climbing 9.87% after introducing a new rewards mechanism. These instances of growth amidst market uncertainty have offered a glimmer of hope to investors seeking stability.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/bitcoin-takes-a-hit-while-some-altcoins-show-resilience-in-market-volatility" rel="noopener noreferrer nofollow">Bitcoin Takes a Hit While Some Altcoins Show Resilience in Market Volatility</a></h5>

Bitcoin Takes a Hit While Some Altcoins Show Resilience in Market Volatility

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