Bitcoin Tries to Reclaim $109K as CRO Soars 16% on the Day
- Bitcoin seeks recovery above $109K
- CRO Token Up 16%, Leading Daily Gains
- Crypto market loses strength, but CRO stands out
Bitcoin is testing the $109 resistance level again on Monday (8), after briefly falling back to $108 over the weekend. The cryptocurrency reached $110.500 last week, but was unable to sustain the level and began to fluctuate within a tight range, a common characteristic of the current period of market consolidation.
The total cryptocurrency market cap has fallen to $3,42 trillion, down approximately $20 billion in the past 24 hours. BTC’s dominance over altcoins has increased slightly, now at 63%.
Despite Bitcoin's slight attempt at recovery, most altcoins recorded negative performance on the day. Ethereum fell 1%, remaining above US$ 2.500, while BNB, Solana, Cardano, SUI and LEO also showed discreet declines. HYPE was one of the largest losers of value among large caps, down 5%, trading below US$ 38.
Contrary to the market trend, the highlight of the day is the Cronos token (CRO), which registers a significant increase of 16% and is quoted at US$ 0,09478. The performance places the asset among the main winners of the day, in a mostly negative scenario.
Other cryptocurrencies with significant losses include FARTCOIN (-8%), SPX (-7,7%) and TIA (-7%). Meanwhile, the TKX token rose 11% and surpassed US$ 15, being among the few positive exceptions.
The market continues to monitor BTC's movements, which are still trying to gain traction to firmly break the $110 mark. Meanwhile, the sudden appreciation of CRO is attracting the attention of investors and analysts, especially given the pressure that has hit the main digital assets at the beginning of this week.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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