The crypto market is entering an interesting phase! ๐ข Several altcoins are starting to show their teeth, eating away at Bitcoin's dominance, which is consolidating around $97,000. The total market capitalization is around $3.56 trillionโenough to buy all the fried foods in the world!
- Bitcoin plunged to near $90,000, but immediately bounced back like a superhero with a V-shaped recovery pattern. Now, it is comfortably at $96,700. Will buyers be able to push it to $100,000 or will it correct again? ๐ค
- Bitcoin's dominance has dropped more than 3% in a week, now at 53%. Altcoins like Ripple (XRP) have shot up 15% in the past 24 hours, becoming the champion among large-cap cryptos.
- Other altcoins are also shining: Hyperliquid (HYPE) is up 76%, Core (CORE) is up 40%, and Ethereum Name Service (ENS) is up 30%.
What do you think about this trend? Come on, let's discuss in the comments column!