Bitcoin’s price has seen some fluctuations in the past 24 hours, dropping below $67,000 multiple times. However, each correction has been met with a strong reaction, bringing the price back to that line once again. Despite some ups and downs, Bitcoin’s resilience is evident as it remains close to the $67,000 mark.
While Bitcoin has remained relatively stable, altcoins such as TON, ADA, and SHIB have experienced slight declines of around 3%. This indicates that the overall market sentiment is slightly bearish, with some altcoins following Bitcoin’s lead in terms of price movement.
Less than a week ago, Bitcoin faced a significant price drop to just over $61,000 due to some Coinbase issues. However, the cryptocurrency quickly bounced back and initiated a notable rally after the US CPI numbers were released. Within hours, Bitcoin surged by several thousand dollars, surpassing $66,000.
Currently, Bitcoin is trading close to $67,000, exhibiting a minimal decrease of less than 0.5% within a day. Despite some volatility, the cryptocurrency’s market cap remains around $1.320 trillion, with its dominance over the altcoins hovering around 52%. Most altcoins have mirrored Bitcoin’s performance, showing minor losses in the past 24 hours.
ETH is on the verge of breaking below $3,100 after a 0.4% daily decline, as anticipation builds for the SEC’s decision on Ethereum ETFs. Other major altcoins like Binance Coin, XRP, DOGE, AVA, DOT, TRX, and BCH have also seen losses. On the other hand, Solana’s native token has experienced a 2.5% increase, reaching close to $180.
The total crypto market cap has decreased slightly since yesterday and is currently just under $2.550 trillion on CoinGecko. This suggests that while Bitcoin and some altcoins are showing resilience, the overall market is experiencing a slight downturn.
The cryptocurrency market continues to exhibit volatility as Bitcoin maintains its price levels despite some fluctuations. Altcoins are also following a similar pattern, with some outperforming others. It will be interesting to see how market dynamics evolve in the coming days as regulatory decisions and external factors continue to impact prices. Investors should remain vigilant and closely monitor market developments to make informed decisions.
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