Bitcoin's price has stabilized at $89,000 following sharp fluctuations observed over recent days. Some altcoins have started to show signs of recovery.
Current Bitcoin Status
Last week, Bitcoin's price dropped sharply following news of the largest crypto heist as hackers stole $1.4 billion from the Bybit platform. Within 24 hours, Bitcoin's price plummeted by $10,000 to $86,000 before recovering slightly to $89,000.
Altcoins: Present Growth
Many altcoins also experienced significant losses but have begun to show growth. Ethereum has risen to $2,500, while BNB has reached $630. Notable gainers include XRP, which is up by 8.5%, and other altcoins such as DOGE and ADA.
Market Impact
The sharp fluctuations in Bitcoin and other cryptocurrencies impacted the overall cryptocurrency market volume, which lost $300 billion in one day. However, it has since recovered by more than $100 billion, bringing the total market capitalization to over $3.050 trillion.
Although Bitcoin's price experienced a sharp drop, leading to market volatility, the resilience of certain altcoins suggests potential opportunities for growth in the near future.
