BTC Shows Strength at $36K
Bitcoin has shown resilience after trading sideways and slipping below $35,000. Despite being stopped just under $36,000, the primary cryptocurrency has managed to recover some ground.
BTC Price Movements
Last week, BTC dropped to around $34,000 before bouncing back to knock on the $35,000 door. However, the start of the business week saw price dives back down to $34,500. Earlier today, the asset shot up by over a grand to nearly $36,000 but has been unable to breach that level yet and currently sits at just over $35,000.
Its market capitalization remains at $690 billion, while its dominance over alts has taken a slight hit and is under 52% now.
SOL, MATIC, TON Leading Gains
While larger-cap alts like ETH, BNB, and XRP are in the red now, others such as SOL, ADA, TON, LINK, and MATIC have posted impressive gains. SOL, LINK, and MATIC have jumped by around 5% each, while TON has skyrocketed by 12% to trade at $2.7.
Further gains are evident from 1INCH, GALA, Flow, KAS, WOO, and others. The total crypto market cap remains above $1.3 trillion on CMC.
Hot Take: Bitcoin’s Resilience in Volatile Market
Despite facing resistance at $36K and fluctuations in the altcoin landscape, Bitcoin continues to show strength and resilience in a volatile market. While larger-cap alts experience losses or minor gains, other altcoins like SOL and TON are leading impressive surges. The crypto market remains dynamic and unpredictable as Bitcoin’s dominance over alts takes a slight hit.
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