In recent hours, Bitcoin has climbed above the $98,000 mark again, although it is struggling to maintain that level. Meanwhile, many altcoins have shown impressive growth, with Cardano leading with a 15% surge.
Bitcoin at $98K
After significant volatility last week, with Bitcoin's price fluctuating between $102,000 and $92,000, the cryptocurrency has stabilized within a narrow range. An attempt to exceed $100,000 was halted, and during the weekend, the price hovered around $96,000. Today, the price has risen again to $98,000, but it remains unstable. Bitcoin's market capitalization has reached $1.945 trillion, with its dominance dropping below 58%.
Growth of Cardano and Other Altcoins
Positive news about potential ETF approvals has positively impacted many altcoins. Cardano emerged as the main winner, demonstrating a 15% increase following Grayscale's ETF filing. Other altcoins such as Litecoin, BNB, DOGE, AVAX, and XLM also showed substantial growth.
Overall State of the Crypto Market
The total crypto market capitalization increased by $60 billion overnight and now exceeds $3.360 trillion. Leading cryptocurrencies are showing positive movements, supporting the general market uplift.
While Bitcoin is striving to hold above the $98,000 mark, Cardano and other altcoins are demonstrating steady growth amidst news of potential ETF approvals. The total crypto market capitalization continues to increase.
