The crypto market cap is close to $1 trillion once again, as bitcoin has remained above $21,000.
Bitcoin’s consolidation continues as the asset has stalled above the $21,000 level. Most altcoins have also calmed today after the recent volatile ride, with the most impressive gains coming from Cardano and Dogecoin.Following the massive turbulence and substantial price declines BTC experienced in the middle of June, the past seven days brought some sort of a recovery phase for the asset. Just last Sunday, it plummeted to an 18-month low of $17,500.
However, Monday started on a better note as the cryptocurrency bounced off and even neared $20,000. Although it failed to reclaim that level at first, it did so a few days later., a weekly high, as the bulls tried to regain control over the market. Bitcoin was rejected there at first and slipped below $20,000 after Fed Chair’s latest affirmation about continuing to raise the interest rates.
Since then, the asset has gradually reclaimed some value and is close to $21,500 once again as of now. Its market cap has remained above $400 billion, but the dominance over the alts is under 42.5%.This is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:
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