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Bitcoin recovered from the $53K level but failed to maintain $55K.
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The price of Toncoin (TON), which was up 4.31%, was bullish.
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SOL and SUI were slow and did not show much movement.
Bitcoin (BTC), by market capitalization, is the leading cryptocurrency. It has recovered from a dip below $53,000 and has reclaimed the $54,000 mark. Altcoins are showing mixed movements. The overall market sentiment is “neutral”, with low buying volumes for most digital assets.
According to CoinMarketCap data, Bitcoin is up by 0.65% and trading at 54823.99. The trading volume has increased by 19.85%, reaching $21 billion. Further, the market value of the leading digital currency is $1.082 billion as BTC’s dominance is 55.7%.
Read Also: Market Sentiment Sourns as Bitcoin’s price Continues to Fall
BTC has risen from a low $53,653.76 to a high $55,373.32 in the last 24 hours. The cryptocurrency is down 25.67% compared to its all-time peak of $75,750 in March.
Read more: Prepare for Bitcoin’s fall: Analyst’ strategies as $44K collapse looms
Altcoins such as SOL, SUI and POL also struggled to reach higher highs, despite the current ambiguity in the crypto market.
SOL, the native Token of the Solana Blockchain, is down 0.34% and trading at $127.67 despite a 27.48% rise in trading volume. Now at $1.5 billion. The sixth largest cryptocurrency by market capitalization, currently at $59.7billion, has recovered from a low of $126.81 in a 24-hour period to a high $131.52. It is still over 50% below its all-time peak of $260.06, set during the 2021 bull market.
TON, The Open Network’s digital asset, has seen a 4.31% gain in the current market lull. Trading at $4.90, with a market capitalization of $12.4 billion, TON is currently trading at $4.90. Altcoins regained the 10th position in terms of valuation, and surpassed Cardano after it was knocked out from the top 10. The trading volume for TON has increased by 35.44% to $205 million.
SUI and POL are both sluggish. SUI has dropped 1.89% over the last 24 hours, while POL has fallen 0.02%. POL is currently trading for $0.3747 while SUI is at $0.9055.
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