As the crypto market faces a downturn, Litecoin (LTC) experiences a significant drop, with traders rallying to defend the crucial $100 support level through strategic leverage. This move aims at mitigating further declines and preparing for a potential rebound amidst ongoing global geopolitical tensions.
Bitcoin reached $73,000 on October 29, 2024, leading a broader crypto market rally that pushed the global cryptocurrency market capitalization to $2.45 trillion, with most altcoins following suit in positive territory.
As Bitcoin rebounds above $56,000, meme coins POPCAT and DOGS lead gains among the top 100 cryptocurrencies by market cap. The surge is attributed to new futures listings and positive market sentiment.
Bitcoin’s volatility has surpassed levels seen during its all-time high in March, with traders speculating this could signal the end of its consolidation phase and trigger a significant price movement.
