After falling to a weekly low around $46,400, Bitcoin has been trading around the $47,000 mark for the previous 24 hours.
Except for Solana, most cryptocurrencies have been halted since yesterday.
After a double-digit increase, SOL has charted another all-time high above $83.
SOL’s Most Recent ATH
The alternative coins, like their leader, have lost a significant amount of value in recent days.
Ethereum, for example, has dropped from over $3,360 to just under $3,100.
It has now recovered some ground and is now trading above $3,100.
Cardano, which recently set a string of all-time highs and exceeded Bitcoin in terms of Twitter mentions, has also corrected significantly.
It’s been slightly higher since yesterday, and now stands at $2.6.
Binance Coin, Ripple, and Dogecoin have all had tiny losses recently, while Polkadot and Uniswap have seen slight gains.
LUNA has increased by 9% and is now trading near $30.
Nonetheless, Solana has once again stolen the show, with his stock surging by more than 20% in a single day.
As a result, SOL resumed its recent bull run and recently recorded a new all-time high.
Arweave is another strong performer, gaining 18% in a single day.
Decentraland, Dash, and XinFin Network, on the other hand, have all lost roughly 7% of their value since yesterday.
Despite the volatility, the market capitalization has stayed stable at slightly over $2 trillion.
Bitcoin Reaches $47,500 for the Second Time
In recent days, the major cryptocurrency has also dropped in value.
On Monday, it hit a multi-month high above $50,000, and it even stayed above that level for a bit.
The bears, on the other hand, refused to accept any more rises.
They did the exact opposite, applying pressure to the asset, causing BTC to swiftly depreciate.
It dropped below $50,000 in a matter of hours and continued to plummet to a daily low of $46,300. (on Bitstamp).
Since then, it has regained some ground and is now mostly valued at $47,000.
It has now recaptured that level and is trading above it.
Despite the fact that bitcoin’s market valuation remains below $900 billion, its dominance over other cryptocurrencies has climbed marginally to little over 44%.
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