Bitcoin has recently been hovering around the $23,000 mark, after falling from a multi-week high of $25,000. This came after a brief surge of $3,500 on Thursday, followed by a drop to under $23,500 and a further dip to a 10-day low of $22,800. Despite this, Bitcoin has managed to recover some ground and is currently just above $23,000.
The altcoins have been relatively quiet, with the exception of Stacks (STX) and Lido Dao (LDO). STX has seen an impressive increase of 160% in the past several weeks, and a further 12% increase in the past 24 hours, pushing it to over $0.75. Meanwhile, LDO is up by 6% and trading close to $3. The rest of the larger-cap alts are calmer, with Ethereum sitting still at $1,600, and Ripple, Cardano, Polygon, Dogecoin, Solana, Polkadot, and Shiba Inu all with small daily losses.
Overall, the cumulative market cap has remained still at $1.060 trillion. Bitcoin’s dominance over the altcoins is also calm at 42.2%. With low trading volumes, it remains to be seen if Bitcoin will make another attempt at taking down $25,000, or if the altcoins will start to make a move.