Bitcoin failed to return to its $27000 level yesterday and has been stagnant at around $26500.The situation of counterfeit coins is not much better, and most large cap stocks have experienced slight losses
Bitcoin failed to return to its $27000 level yesterday and has been stagnant at around $26500.
The situation of counterfeit coins is not much better, and most large cap stocks have experienced slight losses. Chainlink is the only one with a significant price increase.
BTC returns to $26500
Except for the brief surge on Saturday that pushed Bitcoin to its then multi day peak of $26400, last week's volatility is expected to be relatively low. After failing to continue rising, BTC fell back to $26000 and spent the rest of the weekend there.
The beginning of Monday was not so positive, but it also ended in this way. Bitcoin launched an offensive, soaring above $27000 for the first time in weeks. Shortly after, it fell, but bulls continued to exert pressure and pushed cryptocurrency to a new 20-day high of $27500 on Tuesday.
The next few days were quite calm, even after the Federal Reserve decided to stop raising interest rates, Bitcoin remained at $27000. However, the momentum of Bitcoin disappeared by Friday and dropped to $26400.
It attempted to rebound at the close of the day but failed, currently priced at $26500. Its market value has exceeded $520 billion, and its dominant position relative to other markets is still slightly above 49%.
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Most counterfeit coins are also relatively calm in their daily scale. On the one hand, ETH, BNB, DOGE, ADA, DOT, MATIC, and LTC experienced a slight decline, while on the other hand, XRP, TRX, TON, and SHIB saw a slight increase.
Solana experienced the largest decline, with a drop of over 1%. Therefore, the price of SOL is only below $20.
In contrast, Chainlink's native tokens have surged by about 5%, with transaction prices exceeding $7. THETA is another significantly rising stock among the top 100 substitutes, soaring by 8%.
However, overall, CMC's total cryptocurrency market value is relatively stable, only slightly above $1.060 trillion.
(Personal opinions do not constitute suggestions)
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