BTC’s price remains unstable at around $26,000, despite a small recovery. Here are the key points:
1. BTC’s Upward Movement: Bitcoin saw a positive trend on Monday, reaching $29,700, before experiencing a downward shift and dropping below $29,000 by Thursday.
2. Negative News Impact: Speculations about Elon Musk’s SpaceX selling its BTC holdings worsened the market landscape. Bitcoin hit a two-month low of $25,300 in response.
3. Temporary Recovery: Bitcoin quickly rebounded and surpassed $26,000 on the same day. However, it slipped back below this level recently.
4. Current Status: Bitcoin is currently trading at around $26,000 with a market cap below $510 billion. Its dominance over other cryptocurrencies remains at 48.1% on CMC.
5. Altcoins’ Performance: Most alternative cryptocurrencies have shown modest gains, with XRP maintaining the $0.5 line.
In summary, BTC’s price has been unstable, experiencing both upward and downward movements. Negative news, such as speculation about Elon Musk’s BTC sale, has impacted its value. Bitcoin’s current price is around $26,000, with altcoins also showing modest improvements.
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