In recent hours, Bitcoin has shown positive price movement, nearing a new all-time high. Altcoins are also demonstrating gains.
Bitcoin Dynamics
Bitcoin's price has remained volatile this week. Starting around $103,000 on Saturday, it experienced a significant rise to a peak of $107,000 before a pullback. Recently, BTC began rising again, reaching just over $108,000, less than 1% away from a new all-time high. However, it fell back below $107,000 afterward. The market cap of Bitcoin increased to $2.120 trillion, with its dominance over altcoins around 61%.
Altcoin Market
Amid Bitcoin's growth, most altcoins have also shown positive performance. The meme coin TRUMP surged over 11% to trade above $14. Other altcoins also reported gains, with ADA rising by 2.5%. However, some altcoins, like HYPE, experienced slight declines of about 1%.
Overall Crypto Market
The total market capitalization of cryptocurrencies increased by over $50 billion in a day, reaching $3.480 trillion. Most large-cap altcoins displayed minor gains, reflecting the overall positive sentiment in the market.
Bitcoin continues to demonstrate volatility and approaches a new historical high. Altcoins, particularly TRUMP, are showing positive results, which may indicate growing interest and active trading in the market.
