The last week brought no significant changes to the crypto market. Bitcoin remains stable around the $84,000 mark, while some altcoins show growth.
Bitcoin's Situation
The past weekend was relatively quiet for Bitcoin as it remained around the $84,000 mark, with the only exceptions being slight fluctuations on Sunday evening when a whale opened a large short position. On Tuesday, the price dipped to $81,000 but quickly recovered to $83,000 ahead of the second FOMC meeting. Following the Fed's decision to keep key interest rates unchanged, BTC experienced fluctuations between $83,000 and $85,000, then surged above $87,000 during the early Asian trading session, but soon fell back to $84,000. BTC's market cap has risen to $1.670 trillion, while its dominance over altcoins has decreased to 58.3%.
PI Rebounds
Pi Network's token has been one of the worst performers on a weekly scale, losing over 30%. However, it saw some relief in the past 24 hours as its price surged by 8–9% to $1. HYPE also stands out with a gain of 14–15%, now trading above $16.
Crypto Market Overview
The total crypto market cap failed to surpass the $2.9 trillion mark, settling around $2.87 trillion. Cryptocurrencies like XRP, BNB, ADA, LEO, TON, and XLM are slightly in the red, while ETH, SOL, DOGE, and TRX have shown minor gains.
The crypto market continues to demonstrate resilience despite minor price fluctuations and external factors such as FOMC decisions.
