Cryptocurrency market today
The majority of the cryptocurrency market today is still in the red. Bitcoin today began to show signs of recovery and returned to levels above 67,000 USD.
Most altcoins have not recovered in the past 24 hours, with only a few showing small increases. Total cryptocurrency market Capital today remains at $2.6 trillion on CoinGecko .
BTC above $67,000
Bitcoin's price action this week has been quite unfavorable for the asset. It all started on Monday with a price drop that took the cryptocurrency from over $70,000 to under $66,000.
That's just the beginning as bears begin another decline on Tuesday and Wednesday. This time, the largest digital asset fell to a 10-day low of around $64,500. The bulls finally blocked the moves at this point and began a slow recovery, which saw Bitcoin regain some ground on Thursday morning.
A few hours later, the cryptocurrency struck again and skyrocketed to several thousand dollars. As a result, it rose above $69,000 amid growing ETF Capital , but that turned out to be a false breakout.
The rejection pushed BTC south around $3k. However, the asset is currently slightly green and above $67,000. Its market Capital has increased by about $20 billion to $1.325 trillion, while its dominance over other coins is up to 50.3% on CG.
WIF decreased sharply
Most larger- Capital altcoins are in the red on the daily scale. Solana led this unfavorable trend with a sharp drop of 6%, pushing the price down to $173. Doge, AVAX and LINK followed with price drops of around 3-4%.
ETH, BNB, ADA and DOT are also a bit red. In contrast, BCH, TON, and XRP have increased by around 1-2%. MNT and ETC are the best performers among the 36 largest Cryptoasset .
On the other hand, WIF decreased by 15% in one day. The popular meme coin has now dropped to $3.30.
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