➡️ Bitcoin Nears Recent ATH as Altcoins Lag Behind
📉 As of 3:40 p.m. EDT on Friday, bitcoin (BTC) is priced at $91,046, reflecting a 2.4% decrease from its all-time high (ATH). The total value of the crypto economy stands at $2.96 trillion, following a slight dip. Ethereum (ETH), the second-largest cryptocurrency, is valued at $3,058 per coin, sitting 37.5% below its ATH of $4,878.
🔝 Among the top ten cryptocurrencies, bitcoin, binance coin (BNB), solana (SOL), and tron (TRX) are the closest to their all-time highs. Bitcoin’s peak was reached two days ago, while BNB’s was five months ago, SOL’s was three years ago, and TRX’s was seven years ago.
📈 Solana (SOL) is priced at $213 and needs to climb just 18.1% to reach its peak of $259 from November 6, 2021. Binance coin (BNB) trades at $615, 14.4% below its ATH of $717. On the meme coin front, dogecoin (DOGE) requires a 49.7% increase to reclaim its high of $0.731 from May 8, 2021. XRP is trading at $0.894 and needs a 73.6% boost to revisit its ATH of $3.40 from January 7, 2018.
📊 Cardano (ADA) has seen a nearly 20% increase from yesterday, now priced at $0.675, but it faces a steep climb of 78.2% to return to its ATH of $3.09. Tron (TRX) is currently at $0.188 and needs an 18.8% increase to hit its previous high of $0.231. Shiba inu (SHIB) trades at $0.00002432, which is 71.8% below its ATH of $0.00008616.
▶️ Lastly, toncoin (TON), the tenth-largest crypto excluding stablecoins, is priced at $5.37 and has a 35.2% gap to close before reaching its ATH of $8.25 recorded on June 15, 2024. The varying trajectories of these top cryptocurrencies at year’s end highlight the market’s mix of promising recoveries and ongoing struggles.
