AVAX Skyrockets 12% as Bitcoin Bounces Back From $112K Plunge: Market Analysis
Avalanche's native token just ripped higher while Bitcoin staged a recovery rally—showing crypto's relentless volatility remains its most predictable feature.
The AVAX Surge
Avalanche defied the broader market slump with a double-digit percentage gain that left traditional finance assets in the dust. While Wall Street fiddles with fractional percentage moves, AVAX delivered a 12% single-day explosion that reminds everyone where the real action lives.
Bitcoin's Resilience Play
BTC shook off its sub-$112,000 stumble like a dog drying itself—sending droplets of panic everywhere before marching right back up. The quick recovery demonstrates Bitcoin's uncanny ability to turn dip-buyers into heroes while leaving skeptics scrambling for explanations.
Market Psychology at Work
Traders who panicked during the drop now face the classic crypto dilemma: chase the rebound or wait for the next 'sure thing' correction. Meanwhile, AVAX's standout performance highlights how altcoins still dance to Bitcoin's tune—even when they're leading the charge.
Another day, another reminder that crypto moves faster than regulatory paperwork. The 12% gains happen in the time it takes a compliance officer to schedule a meeting about discussing potential frameworks.
BTC Recovers
The primary cryptocurrency enjoyed most of the previous business week, especially Thursday, after the US Federal Reserve finally reduced the key interest rates by 25 bps. At the time of the announcement, BTC had calmed at around $116,000 but shot up to $118,000 on Thursday morning to mark a monthly peak.
That price ascent didn’t last long, though, as Bitcoin started to lose traction almost immediately and fell to $115,200 on Friday. It found support there during the weekend and spent it trading sideways between that level and $116,000.
Monday began with a bang in the wrong direction, however. At first, bitcoin dipped to $114,400 before the bears resumed full control of the market and pushed it south to $112,000, leaving over $1.7 billion in liquidations across the entire market.
BTC bounced in the following hours, but dipped once more earlier today to a new two-week low of $111,600. It has recovered some ground since then and now sits close to $113,000.
Its market capitalization has stalled at $2.250 trillion on CG, while its dominance over the alts stands tall at 56.4%.
AVAX Steals the Show
Most larger-cap alts produced massive losses yesterday. Now, though, they sit slightly in the green following the bloodbath, including ETH, XRP, TRX, DOGE, ADA, LINK, and SUI. BNB, SOL, and HYPE are still with minor losses on a daily scale.
Avalanche’s native token is among the few exceptions. AVAX has skyrocketed by more than 12% daily and now trades close to $35. CRO has also bounced off rather well, and so have MNT and NEAR.
The total crypto market cap has regained over $40 billion since the recent low and is up to $4 trillion on CG.
