Today in the crypto market, positive moves were seen in most major assets, especially amid the uncertainty of recent weeks. Bitcoin (BTC) gained 4.55% to reach $61,102.22, extending its dominance to 56.07%. This gain was supported by the recent end of consolidation around the $60,000 mark, despite lingering risks associated with upcoming economic speeches, such as Jerome Powell’s speech at the Jackson Hole Symposium.
Ethereum (ETH) also continues its upward trend, up 2.21% to $2,681.71. While Ethereum-based decentralized application trading volumes have declined by 33%, investor confidence is supported by stabilization of key metrics such as dominance and staking volumes.
Binance Coin (BNB) stands out, rising 7.23% to $571.96 amid improved market sentiment and interest in altcoins. This may be due to expectations that investors will start looking at alternative assets after Bitcoin stabilizes.
However, not all assets are showing growth. TON is down 0.62%, which may indicate a correction after the recent rally or a redistribution of funds by investors into more stable assets.
In other news, increasing pressure on Bitcoin miners, who are recording the lowest profit levels for the year, is also reflected in the overall market sentiment. However, despite these challenges, the market continues to show signs of recovery, as evidenced by the current rise in leading cryptocurrencies.
Thus, today can be considered a positive day for the crypto market, and if current trends continue, this could lead to further growth for both Bitcoin and other major assets in the coming weeks.
