In the past few days, the price of Bitcoin fell below the level of $66,000, which made many doubt the currency’s ability to withstand and return to rising again.

But only hours passed until the price of Bitcoin rebounded and rose again above the level of $66,000, which contributed positively to raising the prices of most alternative digital currencies.

Bitcoin (BTC) Performance:

The leading cryptocurrency fell significantly late last week, falling from over $67,000 to $65,000 in a matter of hours on Friday.

Over the weekend, the cryptocurrency recovered slightly and spent most of the time trading sideways near the $66,000 level.

On Monday, Bitcoin fell further to $65,000, then rose again to $67,200.

However, the coin failed to hold this level and dropped back to $64,000 on several occasions, giving some whales the opportunity to re-enter the market amid increasing outflows from Bitcoin ETFs.

Yesterday, despite Wall Street trading being halted due to a US national holiday, Bitcoin regained some of its gains.

Earlier today, Bitcoin saw a slight rise to around $66,000, but the price of the coin has been fluctuating around this level, up and down by a few dollars.

In recent days, Bitcoin price volatility has been very muted, keeping its market cap close to $1.3 trillion.

Bitcoin's dominance over altcoins also declined slightly to 51.4%.

As for altcoins, most of them saw slight gains today.

TON, NEAR, and RNDR were the top cryptocurrencies to make gains, but the biggest winner was Fetch.ai's FET, which surged 30% to over $1.70.

Overall, the total cryptocurrency market cap has regained about $50 billion since its mid-week low, now surpassing the $2.5 trillion mark, according to CoinGecko.