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Bitcoin’s price jumped to $58,000 on two occasions on Monday and Tuesday but was stopped and pushed south by over a grand.
Most altcoins have followed suit with minor daily declines, but ICP has defied the overall sentiment with a massive 12% surge.
<h2 id="btc-s-progress-halted">BTC’s Progress Halted</h2>
The primary cryptocurrency had a rough ending to the previous business week as it <a href="https://cryptopotato.com/150m-in-liquidations-as-bitcoin-btc-price-falls-2-5k-in-minutes/" data-wpel-link="internal" rel="noopener noreferrer nofollow">slumped</a> by over four grand on Friday after the <a href="https://cryptopotato.com/bitcoin-price-reacts-to-us-jobs-report-and-declining-unemployment-rate/" data-wpel-link="internal" rel="noopener noreferrer nofollow">US jobs report</a> for August and the <a href="https://cryptopotato.com/weekly-etf-recap-bitcoin-sees-longest-negative-streak-ethereum-demand-missing/" data-wpel-link="internal" rel="noopener noreferrer nofollow">growing exodus</a> from the spot Bitcoin ETFs.
However, the bulls managed to intercept the freefall at this point and didn’t allow another breakdown toward $50,000. BTC recovered some ground and stood mostly above $54,000 during the weekend.
The landscape changed for the better on Monday as the asset <a href="https://cryptopotato.com/bitcoin-btc-price-jumps-above-57k-dogecoin-doge-rises-6-daily-market-watch/" data-wpel-link="internal" rel="noopener noreferrer nofollow">exploded</a> to a multi-day peak of $58,000. While the possible <a href="https://cryptopotato.com/3-possible-reasons-behind-bitcoins-4k-daily-surge/" data-wpel-link="internal" rel="noopener noreferrer nofollow">reasons</a> are still debated, it tapped that level once again on Tuesday but ultimately failed to conquer it.
The subsequent rejection pushed it south by about $1,500, and it now stands close to $56,500. Its market cap has slipped to $1.150 trillion on CG, while its dominance has retraced slightly to 53.6%.
<figure id="attachment_359361" aria-describedby="caption-attachment-359361" style="width: 100%" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2024/09/BTCUSD-12.png" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img class="size-full wp-image-359361" src="https://cryptopotato.com/wp-content/uploads/2024/09/BTCUSD-12.png" alt="Bitcoin/Price/Chart 11.09.2024. Source: TradingView" width="1835" height="819" srcset="https://cryptopotato.com/wp-content/uploads/2024/09/BTCUSD-12.png 1835w, https://cryptopotato.com/wp-content/uploads/2024/09/BTCUSD-12-300x134.png 300w, https://cryptopotato.com/wp-content/uploads/2024/09/BTCUSD-12-1024x457.png 1024w, https://cryptopotato.com/wp-content/uploads/2024/09/BTCUSD-12-768x343.png 768w, https://cryptopotato.com/wp-content/uploads/2024/09/BTCUSD-12-1536x686.png 1536w, https://cryptopotato.com/wp-content/uploads/2024/09/BTCUSD-12-50x22.png 50w" sizes="(max-width: 1835px) 100vw, 1835px"></a>
 <figcaption id="caption-attachment-359361" class="wp-caption-text">
 Bitcoin/Price/Chart 11.09.2024. Source: TradingView
 </figcaption>
</figure>
<h2 id="icp-aave-defy-market-sentiment">ICP, AAVE Defy Market Sentiment</h2>
Most altcoins produced some gains over the past few days but have mimicked BTC’s performance since yesterday by turning red. Ethereum touched $2,400 yesterday but has retraced to $2,330 as of now. BNB briefly exceeded $520, but it is down to $512 now.
Similar or even slightly more painful losses come from the likes of SOL, DOGE, XRP, ADA, AVAX, and SHIB.
In contrast, AAVE has skyrocketed by 9% and has tapped $150. ICP’s daily surge is even more impressive as it has jumped by 12% to $8.7.
The cumulative market cap of all crypto assets has declined by $30 billion since yesterday and is down to $2.080 trillion.
<figure id="attachment_359362" aria-describedby="caption-attachment-359362" style="width: 100%" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2024/09/Screenshot-2024-09-11-114507.png" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img class="size-full wp-image-359362" src="https://cryptopotato.com/wp-content/uploads/2024/09/Screenshot-2024-09-11-114507.png" alt="Cryptocurrency Market Overview. Source: QuantifyCrypto" width="1880" height="826" srcset="https://cryptopotato.com/wp-content/uploads/2024/09/Screenshot-2024-09-11-114507.png 1880w, https://cryptopotato.com/wp-content/uploads/2024/09/Screenshot-2024-09-11-114507-300x132.png 300w, https://cryptopotato.com/wp-content/uploads/2024/09/Screenshot-2024-09-11-114507-1024x450.png 1024w, https://cryptopotato.com/wp-content/uploads/2024/09/Screenshot-2024-09-11-114507-768x337.png 768w, https://cryptopotato.com/wp-content/uploads/2024/09/Screenshot-2024-09-11-114507-1536x675.png 1536w, https://cryptopotato.com/wp-content/uploads/2024/09/Screenshot-2024-09-11-114507-50x22.png 50w" sizes="(max-width: 1880px) 100vw, 1880px"></a>
 <figcaption id="caption-attachment-359362" class="wp-caption-text">
 Cryptocurrency Market Overview. Source: QuantifyCrypto
 </figcaption>
</figure>
The post <a href="https://cryptopotato.com/icp-skyrockets-by-double-digits-btc-price-stopped-at-58k-market-watch/" rel="noopener noreferrer nofollow">ICP Skyrockets by Double Digits, BTC Price Stopped at $58K (Market Watch)</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.

ICP Skyrockets by Double Digits, BTC Price Stopped at $58K (Market Watch)

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