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Following the recent price surges and new multi-month peaks, bitcoin has experienced a slight decline but continues to hold above $30,000.
Most altcoins are also marginally down today, with ETH dipping below $2,100. Conversely, OKB has surged by double digits, approaching its previous all-time high.
Bitcoin Holds Above $30K
The workweek commenced with minimal movement, akin to the prior weekend, as BTC hovered around $28,000. However, this changed dramatically as Monday concluded. The cryptocurrency began to appreciate swiftly, rising above $29,000 before reaching $30,000 for the first time since June 2022.
This price increase led to a peak of $30,500, marking a ten-month high. The CPI data released on Wednesday introduced further volatility, with BTC experiencing fluctuations of $500 within hours.
The latest price spike occurred on Friday when bitcoin soared to just over $31,000, achieving yet another ten-month high. However, it could not maintain that level and retraced by a thousand dollars in the subsequent hours.
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Since then, BTC has regained some ground and is currently around $30,500. Its market capitalization has remained near $590 billion, while its dominance over altcoins stands at 46.3%.
BTCUSD. Source: TradingView
OKB Rises 16%
Ethereum has been one of the top performers in recent days, particularly following the completion of the Shapella update. ETH increased from $1,900 to over $2,100, reaching an 11-month high. However, in the last 24 hours, ETH has lost some value and is now just below $2,100.
Binance Coin, Ripple, Dogecoin, Polygon, Solana, Polkadot, Litecoin, and Shiba Inu are also slightly down.
In contrast, ARB has surged by 8% in the past 24 hours, reinforcing yesterday’s significant increase. Nonetheless, OKB stands out as the top performer among the leading 50 altcoins. The asset has surged by 16% and surpassed $50 for the first time in approximately two months.
The total cryptocurrency market capitalization has decreased by $15 billion in a day, now totaling $1.270 trillion.
Cryptocurrency Market Overview. Source: Quantify Crypto
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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.
Cryptocurrency charts by TradingView.
