DOGECOIN SURGES 8%, BITCOIN TRADES SIDEWAYS 

Dogecoin Leads Altcoin Gains in the Last 24 Hours. While Bitcoin continues to exhibit unusual stability, remaining around the $41,500 mark over the weekend, most altcoins have also shown limited price movement. This lack of volatility follows last week’s ETF approvals, which initially led to significant fluctuations in Bitcoin’s price.

The approval of ETFs saw Bitcoin briefly reaching a 21-month high of $49,000 on Thursday. However, these gains were short-lived as the price quickly retreated to $41,500 by Friday evening. Subsequently, Bitcoin made a partial recovery to approximately $43,000 over the weekend but has experienced minimal price action since.

Throughout the past week, Bitcoin has largely remained at or below the $42,000 level, with its market capitalization hovering just above $815 billion. Its dominance in the crypto market has also remained below 50%.

While Bitcoin’s performance has been relatively stagnant, some altcoins have seen minor gains over the past 24 hours. Major cryptocurrencies like Ethereum (ETH), Solana (SOL), XRP, Binance Coin (BNB), and Cardano (ADA) have all recorded modest increases of around 1%.

Additionally, Avalanche, Toncoin, and Polygon have experienced gains of approximately 3%. Notably, Dogecoin (DOGE) has taken center stage with an impressive 8% surge, pushing its price above $0.085.

Several other altcoins, including Ronin, PYTH, SC, and ASTR, have seen double-digit increases in their prices.

As a result, the total cryptocurrency market capitalization has rebounded, erasing losses from the previous day and reaching $1.640 trillion according to CoinMarketCap.

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