Bitcoin’s Price Revival
The price of Bitcoin has shown signs of recovery after a price drop on Monday, reaching a two-week high above $26,500.
BTC’s $26K Endeavor
Last week, Bitcoin attempted to surpass $26,000 but failed. It traded below that level for several days, including the weekend. However, on Monday evening, the cryptocurrency experienced a significant drop and reached a two-month low below $25,000.
Fortunately, the bulls stepped in and prevented further declines. Instead, they pushed Bitcoin’s price up, and it crossed the $26,000 mark the following day. The cryptocurrency even reached a two-week high of just over $26,500.
Despite this achievement, Bitcoin couldn’t sustain its position and has since lost about $500. It now hovers just below $26,000. Bitcoin’s market cap remains above $500 billion, and its dominance over altcoins is at 49%, increasing by nearly 1% in recent days.
RLB and TON on the Rise
While most altcoins experienced increased volatility in the past day, they are relatively stable compared to 24 hours ago. Some, like ETH, BNB, TRX, MATIC, and LTC, have seen minor gains, while others like XRP, ADA, DOGE, SOL, DOT, and SHIB are slightly in the red.
Stellar’s native cryptocurrency XLM has suffered the most significant decline today, losing over 8% of its value and struggling at $0.12.
In contrast, TONCOIN and Compound have seen substantial increases of 15% and 12%, respectively. TONCOIN is now close to $2, while Compound is nearing $40. Rollbit Coin has also experienced similar percentage gains and trades around $0.15.
The total cryptocurrency market cap has gained a few billion dollars in the past day and is now close to $1.040 trillion on CMC.
Hot Take: Bitcoin Flirts With $26K, These 2 Altcoins Skyrocketed Today: Market Watch
Bitcoin’s price has shown signs of recovery after a recent drop, reaching a two-week high above $26,500. While Bitcoin struggled to sustain this level and has since lost some value, its market cap remains strong above $500 billion. In the altcoin market, XLM experienced a significant decline, while TONCOIN and Compound saw substantial gains. The total cryptocurrency market cap has also increased in the past day. Overall, the crypto market continues to exhibit volatility, with Bitcoin’s price being closely watched by investors.
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