According to CryptoPotato, the price of Bitcoin hit a high of $66,600 in recent weeks yesterday, then fell by about $1,000, but has now recovered to the $66,000 level. At the same time, some altcoins continue to maintain their recent upward momentum, among which LINK has become the focus with a sharp increase of 18%. Bitcoin experienced a difficult period during the business weekend last weekend, and the price once fell to a level above $60,000. However, the asset rebounded over the weekend and Monday, especially on Monday, when the bull market launched a strong round of gains at the beginning of the week, pushing Bitcoin above $63,000.
Although Bitcoin retreated to $61,200 during its offensive after the release of April CPI data in the United States on Wednesday, the price of Bitcoin soared to a three-week high of over $66,500 on Wednesday and Thursday as Bitcoin ETF spot inflows continued to increase. Although Bitcoin's market capitalization remains slightly above $1.3 trillion, its dominance over altcoins has fallen to 51.7%.
Meanwhile, most other altcoins also followed Bitcoin into the green yesterday. While some coins such as BNB, DOGE, TON, TRX, and SHIB are now slightly down, most others continue to rise. Ethereum and Ripple saw gains between 0.5-1%, which helped the former stay above $3,000 and the latter at $0.5. However, Chainlink stole the show among large-cap altcoins, with LINK skyrocketing over 18% in the past day and now trading at over $16. Overall, the total market capitalization of the cryptocurrency market has been relatively stable on a daily scale and is currently just over $2.5 trillion on CG.