Bitcoin starts the week testing the $108,000 mark. While some altcoins are showing notable growth, most of the market remains neutral.
Bitcoin Tests $108,000 Level
Bitcoin is once again attempting to break above the $108,000 mark, but has yet to succeed. Currently, the cryptocurrency nearly reached $109,000 before sellers intervened. These attempts have been ongoing amid news of MetaPlanet purchasing more Bitcoin worth approximately $108,000 and speculation that Michael Saylor's strategy may announce its own purchase.
Altcoins Show Mixed Results
Today's market for altcoins shows a mixed dynamic. Among exceptions is the Arbitrum (ARB) token, which has jumped 15% today. The market surge was fueled by rumors that trading app Robinhood may use the network to create its own protocol. Many other altcoins, however, are experiencing stable or slight growth, with tokens PENGU, OP, and HYPE showing a 3.5% increase.
General Trends in the Crypto Market
Activity in the cryptocurrency market remains dynamic, with several altcoins showing both positive and negative outcomes. Notable declines were observed for KAIA, Pi Network (PI), and Mantle (MNT), which dropped by 6.1%, 5.4%, and 5.7% respectively. While Arbitrum stands out for its growth, other tokens continue to oscillate within fluctuating price ranges.
Currently, Bitcoin is trading around $107,700 as it actively seeks opportunities to break above the $108,000 level. Altcoins are exhibiting a variety of results, indicating volatility and dynamics in the crypto market.
