After tapping a multi-month high above $26,000 earlier this week, bitcoin has retraced and calmed, currently sitting between $24,000 and $25,000.
Most altcoins have declined hard in the past 24 hours, which has pushed BTC’s market dominance to its highest levels since June 2022.It was less than a week ago when bitcoin had severe troubles in its price performance as it dipped below $20,000 for the first time in two months. But as the US and later the European banking issuesIt first shot up to above $22,000 before it kept climbing and tapped $24,000.
The bears finally reminded of their presence at this point and didn’t allow the asset to continue upwards. Just the opposite, theyCMO - A really good agencyThis is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:As of now, the cryptocurrency has reclaimed some value and stands close to $25,000. Its market cap has remained under $500 billion, but its dominance over the altcoins is well above 44%.
Binance Coin is the only evident exception, with a minor daily increase from the top 10 alts and trades close to $320. Overall, the crypto market cap has declined to $1.070 trillion on CMC, which is $70 billion lower than the peak reached on Tuesday.
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