In the past 24 hours, Bitcoin has seen a slight increase in value but continues to struggle in decisively reclaiming the $43,000 level.<\/p>\n\n\n\n
Interestingly, the altcoins have displayed lower-than-usual levels of volatility during this period. SOL has managed to gain nearly 3%, while TRX and LINK have retraced by similar percentages.<\/p>\n\n\n\n
Decline in BTC Dominance<\/strong><\/p>\n\n\n\n A week ago, the US SEC’s X account was compromised, leading to the emergence of fake posts claiming that the agency had approved all spot BTC ETF applications. This incident initially triggered a price surge, but SEC Chair Gary Gensler promptly clarified it as fake news due to the hack, halting the rally.<\/p>\n\n\n\n However, the Commission did indeed approve 11 such products the following day. BTC experienced a surge from $45,000 to nearly $48,000 before retracing to its initial level. Further volatility ensued when the ETFs were launched on US markets, briefly propelling the cryptocurrency to a 21-month high above $49,000.<\/p>\n\n\n\n Nonetheless, this surge was short-lived, and Bitcoin’s price dropped by over $7,000 in the next 36 hours. Since then, BTC has remained relatively stable, with minor price fluctuations around the $43,000 mark. While there have been attempts to surpass this level in the past 24 hours, they have been unsuccessful thus far.<\/p>\n\n\n\n As a result, Bitcoin’s market capitalization has remained at approximately $840 billion, but its dominance over the altcoins has fallen to 49.8% on CoinMarketCap (CMC). It’s worth noting that this metric stood above 53% just last week.<\/p>\n\n\n\n Altcoins Remain Steady<\/strong><\/p>\n\n\n\n In contrast to their reputation for substantial volatility, altcoins have exhibited relative stability in recent days. Among the larger-cap altcoins, ETH, BNB, AVAX, DOGE, and DOT have recorded slight gains, while XRP, ADA, and MATIC have seen minor losses.<\/p>\n\n\n\n Solana and Toncoin have stood out as the top performers within this group of digital assets. SOL has experienced a 3% increase and is currently trading above $97, while TON has surged by 5%, reaching north of $2.4. Conversely, Tron and Chainlink have both declined by approximately 3%.<\/p>\n\n\n\n The total cryptocurrency market capitalization has rebounded from the losses observed yesterday, increasing to $1.690 trillion on CoinMarketCap.<\/p>","protected":false},"excerpt":{"rendered":" In the past 24 hours, Bitcoin has seen a slight increase in value but continues to struggle in decisively reclaiming the $43,000 level.<\/p>","protected":false},"author":1,"featured_media":4133,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18],"tags":[35,44],"class_list":["post-4132","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitocin","tag-blockchain"],"_links":{"self":[{"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/posts\/4132","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/comments?post=4132"}],"version-history":[{"count":1,"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/posts\/4132\/revisions"}],"predecessor-version":[{"id":4134,"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/posts\/4132\/revisions\/4134"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/media\/4133"}],"wp:attachment":[{"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/media?parent=4132"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/categories?post=4132"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/tags?post=4132"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}