Bitcoin’s price recovery continued after the recent market-wide crash, with the asset reaching just under $62,500 before retracing slightly. In the past 24 hours, altcoins have also seen slight gains, with ETH nearing $3,400 and BNB closing down at $580.
Last Thursday, Bitcoin’s price was over $66,000, but it began to lose ground over the weekend. The landscape worsened on Monday when BTC slumped to $58,450 amid disturbing Mt. Gox news. As fears of a further drop to $50,000 or even $45,000 emerged, Bitcoin reversed its trajectory and jumped to $61,000 on Tuesday. However, it failed to hold at $62,400 and retraced by almost a thousand dollars. Bitcoin’s market cap now stands below $1.220 trillion, and its dominance over altcoins has decreased to 50.7%.
Altcoins also suffered at the start of the week, with many seeing multi-month lows. ETH, BNB, SOL, TRX, and DOT have shown minor gains, while coins like DOE, SHIB, AVAX, and LINK have jumped by about 3%. XRP, TON, and ADA are showing insignificant losses. PEPE and STX have emerged as the top performers among the largest 36 crypto assets, with increases of 9%. NOT has surged even further, with a 14% increase in the past day. The total crypto market cap has risen by 1.1% to $2.4 trillion.
Overall, Bitcoin’s price recovery continues after the recent market-wide crash. Altcoins have also seen slight gains in the past 24 hours. Bitcoin’s price reached just under $62,500 before retracing slightly, and altcoins like ETH and BNB have shown minor gains as well. Despite Bitcoin’s recent drop to $58,450 and fears of a further decline, the asset reversed its trajectory and jumped to $61,000 on Tuesday. However, it failed to hold at $62,400 and retraced by almost a thousand dollars. Altcoins also suffered at the start of the week but have shown some gains in the past 24 hours. Coins like PEPE, STX, and NOT have emerged as top performers among the largest 36 crypto assets.
While Bitcoin’s market cap currently stands below $1.220 trillion, its dominance over altcoins has decreased to 50.7%. Altcoins like ETH, BNB, SOL, TRX, and DOT have shown minor gains, while coins like XRP, TON, and ADA are showing insignificant losses. The total crypto market cap has risen by 1.1% to $2.4 trillion. Bitcoin’s recovery is still ongoing, and altcoins are also showing signs of improvement after the recent market-wide crash. Bitcoin’s price reached just under $62,500 before retracing slightly, and altcoins like ETH and BNB have seen minor gains as well. Despite recent volatility, the crypto market continues to show resilience and potential for growth.
