Over the last 24 hours, several altcoins, notably SOL, AVAX, and DOT, have displayed remarkable gains.<\/p>\n\n\n\n
BTC had recently fallen below the $39,000 mark, hitting a multi-week low. However, it has since rebounded and is currently approaching the $40,000 level.<\/p>\n\n\n\n
The total cryptocurrency market capitalization has seen a recovery of over $30 billion from yesterday’s low, thanks to impressive performances by various altcoins.<\/p>\n\n\n\n
Bitcoin’s Return to $40K<\/strong><\/p>\n\n\n\n Following the frenzy surrounding the approval of 11 spot Bitcoin ETFs in the United States, the primary cryptocurrency had stabilized at around $43,000 for approximately a week. However, this changed over the weekend when BTC began a gradual decline, ultimately dropping to $40,000 on Monday.<\/p>\n\n\n\n This decline continued, with Bitcoin hitting a 7-week low of $38,500. It had shed over $10,000 since its peak of $49,000 on January 11, the day the ETFs were listed on US exchanges.<\/p>\n\n\n\n Bulls eventually stepped in after this multi-week low, pushing BTC back up. It has since recovered over $1,000 and is now trading at approximately $40,000.<\/p>\n\n\n\n Bitcoin’s market capitalization has also risen to $785 billion, and its dominance over the altcoins has increased by approximately 1% over the past week to 50.4% on CoinMarketCap.<\/p>\n\n\n\n SOL, AVAX, and DOT Lead Altcoin Gains<\/strong><\/p>\n\n\n\n While most alternative coins experienced significant declines recently, the situation has improved today. Notably, SOL has surged by over 8% and is trading above $85. AVAX has recorded double-digit gains, reaching $30. Polkadot has gained 7%, while ICP, SHIB, and ATOM are also in positive territory with gains ranging from 5% to 8%.<\/p>\n\n\n\n Many lower- and mid-cap altcoins have displayed even more impressive gains, including APT (11%), TIA (14%), STX (15%), and INJ (10%).<\/p>\n\n\n\n Consequently, the combined market capitalization of all cryptocurrencies has risen by over $30 billion since yesterday’s low, reaching $1.560 trillion on CoinMarketCap.<\/p>","protected":false},"excerpt":{"rendered":" Over the last 24 hours, several altcoins, notably SOL, AVAX, and DOT, have displayed remarkable gains.<\/p>","protected":false},"author":1,"featured_media":4219,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18],"tags":[35,44],"class_list":["post-4218","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\/4218","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=4218"}],"version-history":[{"count":1,"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/posts\/4218\/revisions"}],"predecessor-version":[{"id":4220,"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/posts\/4218\/revisions\/4220"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/media\/4219"}],"wp:attachment":[{"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/media?parent=4218"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/categories?post=4218"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/tags?post=4218"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}