After the recent fluctuations in cryptocurrency values, bitcoin's price stabilized around $105,000. Many altcoins have recovered after the drop, and the total market capitalization has reached close to $3.8 trillion.
Bitcoin Stabilizes
The primary cryptocurrency surpassed the $100,000 mark by the end of last week, reaching $105,000 on Friday. On Monday, the price rose to $106,000, followed by a sharp decline below $100,000. Within a few hours, bitcoin rebounded and set a new record slightly above $109,000. Subsequently, the price dipped back to $100,000, but then returned to $107,000. Currently, bitcoin's price has stabilized around $105,000, with its market capitalization rising to $2.080 trillion and its market dominance remaining above 55%.
Alts in Recovery Mode
Most alternative cryptocurrencies are in the 'green' today after yesterday's corrections. Solana and Dogecoin lead the pack, both gaining around 6%. Solana has risen to over $250, while Dogecoin, which briefly spiked yesterday, is now trading above $0.36. ETH, XRP, BNB, and ADA posted minor gains, while TRX, LINK, and AVAX added about 3-4% of value. Other notable gainers include HYPE and CRO.
Total Market Capitalization
The total cryptocurrency market cap has increased by over $100 billion on a daily scale and is close to $3.8 trillion.
While bitcoin maintains a significant share of its market cap, altcoins are gradually recovering. The overall market picture shows stability after the recent volatile movements.
