SIREN Flies to New ATH Above $3, BTC Price Drops to 2-Week Low: Market View
SIREN continues to outperform all other top 100 alts, posting consecutive double-digit gains.
The price correction of Bitcoin since Sunday has been worse during the last 12 hours as the asset fell below $67,500 for the first time since March 9 after the recent development in front of the Middle East since the weekend.
Most of the major alts followed suit, posting losses of 2-3% over the same period. SIREN, however, continues to operate under its own rules.
BTC Entered $67.5K
The last business week started very differently for bitcoin. The stock was hovering around $70,500 after that weekend, but quickly broke through resistance at $74,000 and hit a six-week high of $76,000 on Tuesday morning. This impressive rally stopped quickly at this point but BTC remained around $74,000 on Wednesday.
It fell in the hours leading up to the second FOMC meeting of the year to $71,000, then reached $72,000 when the Fed is expected to leave rates unchanged, but fell again after Powell’s hawkish speech. The low at that time was $69,000, but bitcoin was able to bounce back to $70,000 over the weekend.
It even touched $71,000 on Sunday morning, but then Trump issued the latest threats against Iran, and the cryptocurrency fell to $68,000 in multiple trades. The bears took a step forward today, and bitcoin fell to a two-week low just below $67,500. It rose to over $68,000 at press time, but its market cap has fallen to $1.360 trillion, and its dominance over the alts struggle at 56.4% in CG.
The world of SIREN
The past few days have been for the AI-focused altcoin running on BNB Chain. SIREN continued to post impressive gains, including another double-digit surge in the previous day. It is up 1,230% on the month and marked its most recent high above $3.60 earlier today before returning to $3.
Conversely, some of the larger alts are in the red daily, with ETH, XRP, SOL, DOGE, HYPE, ADA, and LINK down around 2-3%. XMR is among the few exceptions to the green, but the red wave continues with MNT, SKY, BGB, SUI, and others.
The total crypto market continues to struggle to stay above $2.4 trillion in CG, down $200 billion from last Tuesday.
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