Bitcoin (BTC) Halted at $80K, Pudgy Penguins (PENGU) Rockets by Double Digits: Market Watch

After a quiet weekend despite some notable developments on the war front and a White House event evacuation, BTC’s volatility returned on Monday morning with a surge to almost $80,000 and an instant rejection.

 

 

Most altcoins followed suit, but red continues to dominate the 24-hour charts. HYPE and RAIN are among the few exceptions from the larger-cap alts.

BTC Stopped at $80K

After dipping below $75,000 at the beginning of the previous business week, BTC went on a run to touch $79,500 just hours later following the ceasefire extension by Iran and the US. The subsequent few trading days were a lot less eventful, as the cryptocurrency remained sideways between $77,000 and $78,500.

The weekend was just as calm, with the asset failing to make a major move. The only two exceptions were on Saturday morning and evening. At first, Trumpcanceled the US delegation’s trip to Pakistan to talk with the Iranians, and BTC slipped to $77,200.

However, it surged by a grand 12 hours later after reports emerged that Trump and all attendees at a special White House event weresuccessfully evacuated following multiple gunshots fired by a 31-year-old California resident.

It wasn’t until Monday morning that BTC showed more volatility and jumped to $79,500 for the second time in the past week after reports that Iran has offered a deal to the US on how to end the war. However, bitcoin wasrejected there and driven south to $77,500, where it found support and now sits close to $78,000 once again.

Its market cap is back at $1.560 trillion, while its dominance over the alts is still above 58% on CG.

BTCUSD April 27. Source: TradingView

PENGU Pumps

PENGU has stolen the show from the top 100 alts by market cap, surging by over 10% to near $0.01. JUP, HASH, and STABLE follow suit. The biggest gainers from the larger-cap alts are RAIN and HYPE, with price pumps of 4.5% and almost 3%, respectively.

In contrast, ETH, BNB, XRP, SOL, DOGE, ADA, and BCH have all posted minor losses, while XMR and ZEC are up by just over 1%.

The total crypto market cap remains at essentially the same spot as yesterday, at $2.680 trillion on CG.

Cryptocurrency Market Overview April 27. Source: QuantifyCrypto

 

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