BTC’s share of the total cryptocurrency market is still above 58%.
The cryptocurrency market has seen a slight decline over the past 24 hours, with some leading digital assets entering the red zone.
Bitcoin (BTC) fell below $78,000, while popular altcoins like MemeCore (M) collapsed by double digits.
BTC calms down
The underlying cryptocurrency had a volatile, but ultimately positive week, briefly challenging the psychological level of $80,000 on April 22. The recovery occurred shortly after US President Donald Trump. open The ceasefire between the United States and Iran has been extended.
Since then, Bitcoin has been quite indecisive and eventually fell to the current price of $77,500 (per TradingView), which represents a 3% increase over the past week and a meager 0.5% decline in the last day.
However, low volatility can be a precursor to a big move. One of the most popular analysts recently male BTC’s Bollinger Bands indicator has registered historic pressure on the monthly chart, which is usually seen as the calm before the storm. It is worth noting that it is still unclear whether the potential breakout will favor bulls or bears.
BTC’s market cap stands at around $1.55 trillion, while its dominance over altcoins has declined to 58.2%.
These Alts bleed hard
Today’s heat map is a mix of green and red with some altcoins charting notable increases, while others have shed heavily. Algorand (ALGO) leads the pack of winners after posting a daily pump of around 8%. DeXe (DEXE) and Cosmos (ATOM) follow next with jumps of 5% and 4%, respectively.
You may also like:
Popular meme coin MemeCore (M), which was at the forefront of gains earlier this week, has collapsed 15% in the past 24 hours alone. Despite this, it remains the second largest coin in its field, trailing only Dogecoin (DOGE). Stable (STB) and Monero (XMR) are also in the red today after falling 5% each.
The total cryptocurrency market capitalization fell by 0.3% over the past 24 hours to approximately $2.59 trillion.
Free Binance $600 (CryptoPotato Exclusive): Use this link To register a new account and get an exclusive welcome offer of $600 on Binance (Full details).
Limited offer for Bybit’s CryptoPotato readers: Use this link To register and open a free position worth $500 on any currency!
