Bitcoin made a notable move last night, surging past $69,000 before facing a sharp rejection, which sent it tumbling down again. This volatility has characterized its performance this week, starting with a drop from over $70,000 to below $66,000 on Monday. Despite briefly climbing back above $69,000 fueled by ETF inflows, Bitcoin's subsequent decline erased nearly $3,000 of those gains. However, it's currently holding slightly above $67,000. Despite the turbulence, its market cap expanded by almost $20 billion to reach $1.325 trillion, with its dominance over altcoins now at 50.3% in CG.
Altcoins, on the other hand, saw mixed fortunes in the last 24 hours. While many large-cap altcoins experienced losses, TON, XRP, and BCH managed to eke out small gains. Solana led the downward trend with a significant 6% decline, followed by DOGE, AVAX, and LINK. ETH, BNB, ADA, and DOT also saw minor losses. In contrast, BCH, TON, and XRP registered modest gains of approximately 1-2%. Among the 36 major crypto assets, MNT and ETC emerged as the top performers.
However, not all altcoins fared well. WIF took a sharp hit, plummeting 15% in a single day to $3.3. Despite this, the overall crypto market cap saw an uptick of nearly $10 billion, reaching $1.635 trillion in CG.
