- Bitcoin and altcoins show resilience despite major market dump.
- Altcoin JASMY maintains a strong bullish position showing price resilience.
- Binance’s JASMY purchase shows promise for the asset’s future.
The crypto market steadily shapes up to recover from a steep downturn where over $1.33 billion was wiped out in long liquidations in under a day. Bitcoin (BTC) price is trading around the $97,000 mark, and many altcoins have retreated from the significant breakouts seen earlier this week.
In particular, popular cryptocurrencies like Ethereum (ETH) and JASMY had recently enjoyed impressive rallies, marking notable price surges. However, the latest liquidation event, which ranks among the most severe this year, has paused the momentum. Analysts now focus on a potential recovery phase for Bitcoin and altcoins.
JASMY’s Resilience Boosts Altcoin Popularity
While analysts await the arrival of the next Bitcoin (BTC) ATH likely to occur between the $125,000 and $135,000 price mark, a few capable altcoins continue to show strong resilience. To highlight, the altcoin known as the Bitcoin of Japan, JasmyCoin (JASMY) is one such token.
Not only has JASMY shown highly bullish signs signifying major price rallies but the asset seems to be gaining a lot of global attention as well. Just yesterday, Binance increased its JASMY holdings by adding 350 million JASMY to its portfolio. This led many analysts to expect $1 JASMY price soon.
Binance’s JASMY Purchase Shows Faith in Asset
The crypto market sees Binance stacking JASMY as a highly bullish factor for the altcoin leading more crypto analysts and JASMY enthusiasts in the space to share even more bullish predictions for JASMY price.
The post JASMY Price Maintains Bullish Position Amid Binance’s JASMY Stacking, Big Moves Expected Ahead appeared first on Crypto News Land.