🚀 **Crypto Market Update: Bitcoin Holds Strong Amid Turmoil**
Bitcoin (BTC) is holding steady above the $60,000 mark, showing resilience despite a turbulent week for altcoins and a surging U.S. dollar. BTC recently traded around $60,700, up 1% over the past 24 hours. In contrast, the CoinDesk 20 Index fell 1.5%, with Ethereum (ETH), Ripple (XRP), Solana (SOL), and Avalanche (AVAX) among the notable losers.
🔹 **Noteworthy Performer**: Aptos (APT) surged 7%, possibly due to Franklin Templeton's expansion into its blockchain.
🔹 **Market Dynamics**: Bitcoin Dominance climbed above 58%, nearing a three-year high, while ETH-to-BTC ratio dropped.
🔹 **Geopolitical Impact**: Rising tensions in the Middle East and strong U.S. economic data have bolstered the dollar, pressuring risk assets.
🔹 **Liquidity Concerns**: A spike in the Secured Overnight Financing Rate (SOFR) hints at potential liquidity stress, reminiscent of the 2019 repo crisis.
What are your thoughts on Bitcoin's resilience? Share in the comments! 💬