Crypto trading volatility has decreased since Bitcoin prices surged to an 18-month high of $38,000 last Thursday and fell back below $36,000. The price recovered to around $37,000 in the following days but showed signs of a pullback. The U.S. CPI data initially had little impact on the market, but things later deteriorated, with bears pushing Bitcoin prices down to weekly lows of $35,000.
However, it has recovered nearly $100 million but is still below $36,000 with a market capitalization of nearly $700 billion. Bitcoin’s dominance over altcoins took a hit, falling below 51%. Most altcoins followed Bitcoin lower and despite recouping some losses, are still in the red.
In comparison, Solana and Avalanche are up 9% and 12.5%, with SOL near $60 and AVAX at $19. Other gains came from LDO, KAS, RUNE and ATOM, among others, which saw daily price increases of double digits. However, the total cryptocurrency market capitalization fell by $40 billion, but has recovered by about half.
Next, I will continue to ambush high-multiple growth currencies. #BTC🔥🔥 #SOL/USDT