Post By: CryptosHeadlines.com
Bitcoin made a strong move today, trying to break past $36,000 after trading flat and briefly falling below $35,000 in recent days.
While prominent altcoins like Ethereum (ETH), Binance Coin (BNB), and Ripple (XRP) are currently in the red, others like Solana (SOL), Cardano (ADA), Toncoin (TON), Chainlink (LINK), and Polygon (MATIC) have recorded significant gains.
Bitcoin Encounters Resistance at $36,000
Bitcoin saw significant fluctuations during the past week. It dipped to around $34,000 on Friday but quickly rebounded. By the weekend, it was approaching the $35,000 mark.
The new week began with a drop back to $34,500, but today, Bitcoin made a notable surge, rising over $1,000 to nearly $36,000. However, it hasnât yet crossed that threshold and is currently trading just above $35,000.
Bitcoinâs market capitalization remains at $690 billion, but its dominance in the cryptocurrency market has slightly decreased and is now under 52%.
SOL, MATIC, and TON Experience Surges
Mixed Performance in Larger-Cap Altcoin Landscape: Some See Minor Losses, while Solana (SOL), Chainlink (LINK), Toncoin (TON), and Polygon Surge. TON Jumps by 12%.
The larger-cap altcoin market is exhibiting a clear divide today. On one side, cryptocurrencies like Ethereum (ETH), Binance Coin (BNB), XRP, Dogecoin (DOGE), Polkadot (DOT), and Litecoin (LTC) have posted modest losses, with declines of up to 2%. Binance Coin and Ripple, in particular, have each experienced a daily decrease of approximately 2%.
Conversely, the other camp includes Solana (SOL), Chainlink (LINK), Toncoin (TON), and Polygon, which have all witnessed significant gains. SOL, LINK, and MATIC have each surged by approximately 5%, while TON has exhibited remarkable growth with a 12% increase. Currently, TON is trading at $2.7.
Several other altcoins, including 1INCH, GALA, Flow, KAS, WOO, and more, are also registering notable gains. In the grander scheme of the cryptocurrency market, the total market capitalization has maintained its recent position, remaining comfortably above $1.3 trillion according to data from CoinMarketCap.
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