According to CryptoPotato, Bitcoin experienced some volatility yesterday, including a $600 pump and dump, but has since stabilized below $26,000. Alternative coins such as ETH, BNB, XRP, ADA, and others are also showing unusual stability, with little to no movement.
Over a week ago, the primary cryptocurrency went through a volatile rollercoaster, surging by more than two grand in hours following Grayscale's win over the SEC. However, it lost all momentum within the next few days and dropped to even lower levels at $25,350. It managed to recover some of the losses and came close to $26,000 by the weekend. Since then, not much has happened with its price movements, aside from a brief dip to $25,400 yesterday, followed by an uptick that was stopped at $26,000.
Currently, the asset remains stuck at around $25,700, with its market cap sitting uncertainly at just over $500 billion and its dominance over the alts at 48.2%. Data from Glassnode indicates that the number of BTC addresses in loss has started to climb again and has registered a 7-month peak. Most larger-cap alts have failed to produce significant price movements over the past day as well. Some assets like ETH, BNB, TRX, DOT, MATIC, and LTC trade with minor gains, while others like XRP, ADA, DOGE, and SOL have charted slight losses. The most notable gainer from the top 20 alts is TONCOIN, with a 5% surge that has pushed it beyond $1.8. Further jumps come from ASTR, RUNE, and KAS. The cumulative market cap of all crypto assets has remained relatively still at under $1.050 trillion on CMC.
