Hey BTC enthusiasts! š Bitcoin's price has been on a wild ride in the past 24 hours, with moves of up to $1,000! š¢ While most altcoins are slightly in the green today, BTC's dominance has continued to increase, nearing 50%. š
The business week started strong for Bitcoin, skyrocketing by $1,500 in just a day and a half, reaching a 6-week peak at over $28,500. š² However, the enthusiasm didn't last long, and BTC quickly lost momentum, returning to just over $27,000. š
Bitcoin tried to surge past $28,000 several times but was ultimately stopped. The latest attempt came earlier today when it spiked to $28,350 after a price drop to $27,200. š Currently, it sits just around the coveted $28,000 line, with a market cap of $546 billion and a dominance of 49.8%. šŖ
Most altcoins faced similar volatility but sit slightly in the green now. Ethereum, Binance Coin, Ripple, Dogecoin, and Bitcoin Cash have jumped by under 1%. š± More gains come from Solana, Tron, Polkadot, and Litecoin ā all up by around 1-2%. šæ MATIC is today's top performer, adding 4.5% of value and sitting just below $0.6. š
With most lower- and mid-cap alts trading slightly in the green, the total crypto market cap has increased by about $10 billion, sitting close to $1.1 trillion. š° Keep an eye on the market, and let's see where Bitcoin takes us next! š