Avalanche Soars 5% as Bitcoin Shatters $111K Barrier: Market Momentum Explodes
Avalanche rockets upward while Bitcoin's historic surge redefines market expectations—bulls charge ahead as traditional finance scrambles to keep pace.
The Crypto Bull Run Charges On
Avalanche isn’t just climbing—it’s leaping. A solid 5% daily gain mirrors the kind of momentum that gets traders leaning forward in their chairs. Meanwhile, Bitcoin doesn’t just break records; it smashes them, punching through the $111,000 ceiling like it’s tissue paper.
Not All That Glitters Is Gold—Sometimes It’s Gas Fees
While decentralized networks flex, old-school bankers are probably still trying to figure out how to short it. Good luck with that. Active money floods into protocols that actually do things—not just promise yields in whitepapers nobody reads.
Market Watch: No Brakes in Sight
Volatility? More like velocity. Resistance levels aren’t holding—they’re crumbling. If you’re waiting for a dip, you might miss the ride altogether. Even the skeptics are quiet. Or maybe they’re just repositioning their portfolios.
So, while Bitcoin and Avalanche lead the charge, remember: in crypto, today’s peak is tomorrow’s support. And if you think this is a bubble, maybe check your portfolio—again. Just saying.
BTC Taps $111K
Following the price explosion on August 22 when BTC skyrocketed from under $112,000 to over $117,000 in minutes during the Jerome Powell speech, the cryptocurrency has failed to maintain its run and traded in an apparent downward pattern.
After losing a few key support levels along the way, bitcoin’s price tumbled at the beginning of the current business week to just over $107,000. This became its lowest price tag in roughly two months.
The bulls finally stepped up on Monday evening and didn’t allow a further breakdown. Instead, BTC started to recover some ground and returned to $110,000 yesterday. It climbed slightly again on Wednesday morning to almost $112,000, where it faced some pressure and was driven to the current $111,000.
Its market capitalization has risen to just over $2.210 trillion on CG, while its dominance over the alts stands tall at 56.5%.
BCH, AVAX on the Rise
Ethereum was recently stopped at $4,500, and despite the massive accumulations from corporations and whales, the asset has failed to resume its run and now struggles to remain above $4,300. On a daily scale, BNB, TRX, LINK, and HYPE are also slightly in the red.
In contrast, SOL has jumped by 3% and now sits around $210. DOGE, ADA, and SUI have charted insignificant gains. The day belongs to Avalanche and Bitcoin Cash from the larger-cap alts, as both have risen by around 5% of value to $25 and $600, respectively.
MemeCore is once again the top performer, having soared by 14% daily to $0.95. BGB and ONDO follow suit, but are far behind.
The total crypto market cap has remained above $3.9 trillion on CG after a minor daily increase.
