After a brief decline in prices amidst Middle East tensions, the cryptocurrency market has shown significant recovery, returning to a market capitalization of $3.29 trillion.
Bitcoin Recovers
Bitcoin's price, which dropped below $100,000, has demonstrated a strong bullish trend since then. Currently, the BTC price is at $107,313, with an intraday trading volume of $50.39 billion. Bitcoin's dominance has increased to 65.0468%, with a valuation of $2.13 trillion.
Altcoins Experience Consolidation
Despite the recent surge, altcoins like Ethereum (ETH), Ripple's XRP, Solana (SOL), and Dogecoin (DOGE) have shown declines. ETH is down by 1.5%, while XRP and SOL recorded similar fluctuations of over 1% during this period. The meme coin market has also experienced negative movements after starting the week on a bullish note.
Overall Cryptocurrency Market Situation
In the past 24 hours, the crypto market has displayed slight positive movement, leading to a total valuation of $3.29 trillion and an intraday trading volume of $106.67 billion, reflecting a significant change of -26.76% during this period. The Fear & Greed index stands at 48 (neutral), indicating stable price situations in the market.
The cryptocurrency market is showing signs of recovery with Bitcoin's rise, while altcoins face challenges. This highlights current market trends and the possibility of changes in the near future.
