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Latest Events in the Crypto Industry

Bitcoin Still at $46K as Tezos (XTZ) Surges 25% to 4-Month High

Bitcoin has hardly made progress past 24 hours as it failed to breach $47,000 decisively and is back to $46,000. Most alternative coins have retraced in the same timeframe. Tezos is among the few exceptions as the asset has surged by 25% in a day.

Alts Correct as XTZ Spikes Hard

The past several days were highly volatile for the cryptocurrency space. Ethereum went from above $4,000 to just over $3,000 during the market crash on Tuesday. Since then, though, ETH has attempted to recover most of its value. It went over $3,500 yesterday, but a 3.5% decline has driven it back down to around $3,400.

Cardano, whose network is preparing for the upcoming hard fork, is down by a similar percentage in the past 24% and is beneath $2.5 now. More identical drops come from Ripple, Dogecoin, Chainlink, Bitcoin Cash, Uniswap, and Litecoin.

Interestingly, Solana, which went on to register yet another all-time high above $200 yesterday, has dumped by 13% in a day to $185.

Polkadot and Terra are the only two larger-cap alts well in green. DOT is up by 6% to $31, while LUNA has pumped by 8% and trades at $33.