Bitcoin’s price has experienced some instability in the past 24 hours, dropping below $67,000 multiple times. However, it has been able to recover from each correction and is currently holding steady at that level. On the other hand, altcoins have seen slight declines, with TON, ADA, and SHIB retracing by around 3%.
Just last week, Bitcoin dipped to a little over $61,000 due to some Coinbase issues. However, it quickly rebounded and embarked on a notable rally after the US CPI numbers were released. Within hours, BTC surged by a significant amount, surpassing $66,000. Although there was a correction on Thursday, bringing the price to just under $65,000, the trajectory reversed once again by the end of the week.
The recent price movements have seen Bitcoin reach above $67,500, but the bears intervened, causing a drop to just under $66,000. There was some additional volatility with another brief decline, but as of now, Bitcoin is back near the $67,000 mark, with a decrease of less than 0.5% in the past day. Its market cap remains at approximately $1.320 trillion, and its dominance over altcoins is around 52%.
Most altcoins have followed a similar pattern to Bitcoin, posting minor losses in the past 24 hours. Ethereum (ETH) is close to breaking below $3,100 after a 0.4% daily decline, as the decision on Ethereum ETFs by the SEC draws closer. Binance Coin (BNB) has also decreased by a similar percentage, now sitting at $576.
Other larger-cap altcoins such as XRP, DOGE, AVA, DOT, TRX, and BCH have also experienced losses. Meanwhile, TON, SHIB, and ADA are down by 2.5-3%. However, Solana’s native token has seen a 2.5% jump and is now close to $180. Additionally, WIF, PEPE, NEAR, and GRT have seen slight gains.
Overall, the total crypto market cap has slightly decreased since yesterday and is currently just under $2.550 trillion on CoinGecko.