Bitcoin has finally calmed after the recent price fluctuations and has remained just over the $30,000 mark. Most altcoins are also untypically stable on a 24-hour scale. Tezos and FTT are among the few exceptions.
Bitcoin Stands Above $30K
The past few days were quite volatile for the primary cryptocurrency, starting on June 6 when it jumped from under $30,000 to a multi-day high of almost $32,000.
At that point, though, the landscape changed rather quickly when BTC dumped by more than $2,000 in hours to $29,200. Nevertheless, another price surge followed, and bitcoin found itself trading above $31,500 shortly after.
The fluctuations continued a bit more, pushing BTC south to $30,000 once again. Since then, though, the cryptocurrency has remained relatively calm around that level and sits just over it now. As such, its market capitalization is at $580 billion, and its dominance over the altcoins is at 46.5%.
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ADA, FTT, XTZ in the Green
The altcoins experienced similar volatility since the start of the week, but most are significantly calmer now. Ethereum trades above $1,800, BNB is at $290, while XRP, SOL, DOGE, DOT, TRX, AVAX, and SHIB have all marked insignificant gains.
Cardano continues to outperform the larger-cap alts with a more impressive 3% increase today. As a result, ADA now trades at $0.65.
From the lower- and mid-cap altcoins, FTT and XTZ have gained the most – 5.5% and 7%, respectively. FTT has neared $30, while XTZ sits at $2.15.
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