The past 24 hours saw another drop in bitcoin that drove it south to its lowest price position in a week, but the asset managed to erase those losses in the following hours.
Altcoins are slightly in the green on a daily scale now, as ETH approached $1,900, while ADA and XRP are up 2-3%.
BTC uncertain at $27,000
Since hitting a two-week high of $28,500 this week, bitcoin’s performance has been quite disappointing. The cryptocurrency first rallied back to $28,000 in about a day before dropping another big Wednesday.
After a failed attempt to break above $27,500, the asset started losing value rapidly again on Thursday and fell to $26,600. Another multi-day low came in the past 24 hours when it slid to $26,500 (on Bitstamp).
However, the bulls managed to intercept this move and pushed bitcoin north over $500. As such, BTC is now trading above $27,000 and its market capitalization has risen to $525 billion.
Its dominance over altcoins, however, took another hit and fell to 46% after surging above 46.5% last week.
FIL, LDO, APT Jump High
Most altcoins also fell during the work week, but have now turned green on a daily scale. Ethereum fell to $1,850 yesterday, but a 2% rise since then has pushed the second-largest crypto close to $1,900 so far.
Binance Coin dipped below $305 but is now above it after a 1% pump. Ripple, Cardano, Dogecoin, Polygon, Solana, Litecoin, Tron, Polkadot and Avalanche are also in the green of larger cap alts, in some cases up to 3%.
More impressive payouts come from Filecoin, Lido Dao, Aptos, and Arbitrum. All of the above increased by around 5-8% on a daily scale.
As such, the cumulative market capitalization of all crypto assets has recovered around $20 billion from recent losses and is now at $1.140 trillion.
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