The cryptocurrency market experienced turbulent events in recent days. Bitcoin, after reaching a record high, faced a slight pullback, while many altcoins continued to show positive results.
BTC Stops at $120,000
Bitcoin's price recovery following Tuesday's correction came to a halt at $120,000. This occurred after the cryptocurrency reached a new all-time high of $123,000 on Monday. Following a sharp surge that added over $15,000, there is a slight correction, and at present, BTC stands at around $118,000.
ETH and Altcoins Show Growth
Many altcoins have posted significant gains over the past days. Ethereum surged by 9% and reached $3,450, marking a five-month high. XRP also rose above $3.15, nearing its all-time high of $3.40 from 2018. Other altcoins, such as Dogecoin, Solana, and PEPE, also showed strong performance.
Overview of the Cryptocurrency Market
The total cryptocurrency market cap has again neared $3.9 trillion, having surged by over $70 billion in a single day. The market continues to show signs of activity, with investor attention gradually shifting towards altcoins, reflecting a decrease in Bitcoin's dominance.
The cryptocurrency market is in a phase of active growth, especially among altcoins. Bitcoin, while stopped at a crucial level, remains in the spotlight of investors.
