The cryptocurrency market has entered a consolidation phase, with Bitcoin maintaining its price above $34K in the past 24 hours. Following its rally to $35K and subsequent slight correction, market participants are now evaluating their current standings and projecting future outcomes. Bitcoin's dominance remains steady, above 50%, currently at 51.2%.

Altcoins are also consolidating, with most trading in the green, albeit with slight increases. Shiba Inu (SHIB) is up by 3.3% in the past 24 hours, making it the best-performing altcoin among those with larger market capitalization. Overall, the market is relatively calm, with Render (RNDR) and BitTorrent (BTT) being the top performers from the top 100 coins, up 10% and 7.1% respectively.