Ethereum , the largest altcoin, has managed to reclaim the $3,000 level after plunging to as low as $2,878.
Dogecoin is currently trading at $0.1591 after collapsing to $0.1358. The meme coin's drop was so precipitous that it seemingly caught Bloomberg expert Joe Weisenthal off guard.Other major cryptocurrencies, such as XRP, Cardano and Avalanche , are also seeing some green, but they are still down substantially over the past 24 hours., the Bitcoin price collapsed by more than 8% after Iran attacked Israel with drones and missiles.
However, the trajectory of the crypto market likely depends on whether or not there will be further escalation in the Middle East.On Saturday, Bitcoin dominance managed to surpass the 57% level for the first time since April 2021. For comparison, Bitcoin accounted only for roughly 39% of the cryptocurrency market back in September 2022.The market share of the top cryptocurrency is growing ahead of the upcoming halving event, which is expected to happen in just five days from now.Alex Dovbnya is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.
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Source: Cointelegraph - 🏆 562. / 51 Read more »