In recent days, the cryptocurrency market has displayed significant fluctuations. Bitcoin could not surpass the $120,000 mark, while altcoins like BNB are setting new records.
Bitcoin Stays Below $120K
Bitcoin spent about ten days in the range between $117,000 and $120,000, but last week it began to lose value. The drop was triggered by a significant amount of sales, during which approximately 80,000 Bitcoins were sold. This caused the value to fall to $114,500. However, after the sell-off concluded, Bitcoin began to regain traction, returning to the range of $117,000-$120,000 and even trying to reach the upper boundary over the weekend. Nonetheless, it faced resistance and dropped back to around $119,000.
BNB Sets New Records
BNB continues to show impressive results, recently surpassing the $800 mark and setting two new all-time highs. The latest price of BNB exceeded $850. Among other notable altcoins, AVAX and ENA have also shown significant growth. Ethereum reached a value of $3,900, while coins like SOL and DOGE added about 3%.
Total Crypto Market Capitalization
The total market capitalization of the cryptocurrency sector increased by $60 billion over the past day and has surpassed $4 trillion. This indicates a growing interest and activity from investors in various altcoins.
Current events in the cryptocurrency market indicate the ongoing volatility of Bitcoin and the steady growth of altcoins such as BNB. The market remains under pressure, but some assets continue to display positive dynamics.
