BTC Stopped Ahead of $89K, CRO Explodes by Double Digits (Market Watch)

Bitcoin's price surge stalled just short of the $89,000 resistance level, settling approximately $2,000 lower. While some altcoins, including DOGE and ADA, saw significant gains in the last 24 hours, Cronos (CRO) dominated the day's headlines.

Bitcoin Halted at $89K

Last Tuesday, Bitcoin struggled to stay above $81,000 after a $3,000 daily drop. However, it rebounded, exceeding $87,000 the following day, fueled by the conclusion of the second FOMC meeting of the year and Brad Garlinghouse's positive announcement regarding the SEC lawsuit.

Despite this surge, Bitcoin's upward momentum faltered, dropping to around $84,000 for several days. A recovery began late Sunday, culminating in a Monday surge to nearly $89,000, but ultimately failed to break through the resistance. Bitcoin subsequently dipped below $87,000 before recovering slightly. Its market capitalization has risen to over $1.730 trillion, though its dominance has decreased to 58.3% according to CoinGecko.

CRO Soars

The most significant crypto news in the last 24 hours involved Crypto.com's announcement of a partnership with Trump Media and Technology Group (TMTG) to launch several ETFs and ETPs. This news propelled CRO's price upwards by as much as 40% at its peak.

Dogecoin also experienced gains, though more modest, rising nearly 6% to above $0.185. ADA, SOL, BNB, LINK, XLM, HBAR, and SHIB also saw minor increases. Conversely, ETH, XRP, TRX, TON, and LEO experienced negligible losses.

The total cryptocurrency market capitalization remained relatively unchanged from the previous day, at approximately $2.970 trillion according to CoinGecko.

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