New Altcoin Leaders Emerge as Bitcoin Stalls Below $100K

On Tuesday, Tron soared. A dramatic acceleration of growth occurred with the renewal of historical highs at $0.23. Liquidation of short positions brought the price closer to $0.45 before stabilising at $0.39. A continuation of the bull run makes $0.60 the next potential target.

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Another recalculation showed that the first cryptocurrency’s mining difficulty increased by 1.59%, reaching a high of 103.9 T. The average hash rate for the period since the last value change was 832.7 EH/s.

BTC growth will be volatile due to the profit taken by holders and BTC ETF dynamics. At the end of last week, clients withdrew $457 million from Bitcoin funds, while long-term investors reduced their balances by 508,990 BTC.

According to Bitfinex, the number of coins held by speculators approached a cyclical high of 3,282,000 BTC. The number of coins held by long-term investors fell to 12.45 million BTC, the lowest since July 2022, IntoTheBlock calculated.