Bitcoin’s Strength Contrasts with Muted Altcoin Market
- Bitcoin rebounded from the $53K price level but failed to retain $55K.
- Toncoin (TON) was bullish with a price surge of 4.31%.
- SOL, SUI, and POL were sluggish and did not show any noticeable movement.
Bitcoin (BTC), the top cryptocurrency by market cap, has recovered from its dip below $53,000, reclaiming the $54,000 level and aiming higher even as altcoins display mixed movement. The overall market sentiment remains “neutral” with low buying volume for most digital assets.
According to the data from CoinMarketCap, Bitcoin is up 0.65%, trading at 54,823.99 with a 19.85% surge in the trading volume, which stands at $21 billion. Further, the market valuation of the leading digital asset is $1.082 trillion as BTC’s dominance stands at 55.7%.
Read also: Market Sentiment Sours as Bitcoin’s Price Continues to Fall
In the past 24 hours, BTC reached a high of $55,373.32 while rebounding from a low of $53,653.76. The cryptocurrency is, however, down 25.67% from its all-time high of $75,750 witnessed in March this year.
Altcoin Performance: A Mixed Bag
Read also: Brace for Bitcoin’s Fall: Analyst’ Strategies as $44K Collapse Looms
And while Bitc…
The post Bitcoin’s Strength Contrasts with Muted Altcoin Market appeared first on Coin Edition.
Read More
Bitcoin’s Strength Contrasts with Muted Altcoin Market
- Bitcoin rebounded from the $53K price level but failed to retain $55K.
- Toncoin (TON) was bullish with a price surge of 4.31%.
- SOL, SUI, and POL were sluggish and did not show any noticeable movement.
Bitcoin (BTC), the top cryptocurrency by market cap, has recovered from its dip below $53,000, reclaiming the $54,000 level and aiming higher even as altcoins display mixed movement. The overall market sentiment remains “neutral” with low buying volume for most digital assets.
According to the data from CoinMarketCap, Bitcoin is up 0.65%, trading at 54,823.99 with a 19.85% surge in the trading volume, which stands at $21 billion. Further, the market valuation of the leading digital asset is $1.082 trillion as BTC’s dominance stands at 55.7%.
Read also: Market Sentiment Sours as Bitcoin’s Price Continues to Fall
In the past 24 hours, BTC reached a high of $55,373.32 while rebounding from a low of $53,653.76. The cryptocurrency is, however, down 25.67% from its all-time high of $75,750 witnessed in March this year.
Altcoin Performance: A Mixed Bag
Read also: Brace for Bitcoin’s Fall: Analyst’ Strategies as $44K Collapse Looms
And while Bitc…
The post Bitcoin’s Strength Contrasts with Muted Altcoin Market appeared first on Coin Edition.
Read More