Bitcoin's Rollercoaster: Stalled at $38K, Altcoins Find Stability

#BTC 's price has hit a plateau, hovering just below $38,000, after a week of volatility fueled by the Binance-US authorities saga. The recent settlement deal and the departure of Binance's CEO, #changpengzhao triggered a dip to $36,600, followed by a rapid recovery to an 18-month high of $38,500. However, the momentum was short-lived, leading to a retracement back to the $38,000 range.

Despite the market cap remaining at $740 billion and bitcoin's dominance at 51.3%, altcoins have experienced a more stabilized period. Daily fluctuations show minor losses for XRP, BNB, SOL, and DOGE, while ETH, ADA, AVAX, MATIC, and DOT see marginal gains. Notably, Chainlink and Tron stand out with around a 3% spike.

In the weekly landscape, BLUR emerges as the top gainer with a remarkable 70% surge, reaching $0.6. Following closely are STEPN (34%), ApeCoin (30%), MINA (30%), and Klaytn (27%). The overall crypto market cap has seen a slight increase, nearing $1.450 trillion on CMC. As the crypto journey continues, the community awaits the next chapter in the market's unpredictable narrative. #Bitcoin2024 #CryptoMarketPredictions #altcoins $BTC $BLUR $SHIB