Crypto Money Market The new week was entered in an atmosphere where Bitcoin (BTC) was close to marks. The largest crypto money rose to 86 thousand dollars at the end of the weekend and rose to the highest level of the last 11 days. However, this rise was quite short and the price was rapidly withdrawn below $ 85 thousand. On the other hand, Bitcoin’s dominance on the market has exceeded 60 percent and reached the highest levels since 2021. Altcoin market The recession is dominant on the front. Only Solana (left) and tron (TRX) are among the prominent coins.
Bitcoin retreated after testing 86 thousand dollars
Last week Bitcoin quite moving for. BTC declined to 74 thousand dollars on Monday, after completing the week over 83 thousand dollars, climbed to 86 thousand dollars at the end of the week. However, this rise was not permanent and the price was again withdrawn below $ 85 thousand.
One of the most important developments that trigger this rally is that Trump administration has applied to other countries except China. customs tariffsIt was the decision to soften the ni. Also positive from the USA CPI data He supported Bitcoin by increasing the risk appetite. All these developments contributed to the price of 12.7 percent on a weekly basis on the price of the largest crypto currency.
The largest crypto currency is currently trading with a market value of $ 1.68 trillion. Coingecko According to data, Bitcoin’s dominance on the market has reached 60.5 percent. Tradingview It shows this ratio as 63.4 percent. For Bitcoin’s market domination in every aspect, these levels are seen for the first time since 2021.
Mantra (OM) Hard decline in Coin: 90 percent loss
One of the most remarkable developments of last week Mantra (OM) was the collapse in Altcoin. The price of Om Coin has lost more than 90 percent due to compulsory position closure processes on central stock exchanges. The CEO of the project said that this collapse “irresponsible leveraged transactions trigger”.
Om Coin decreased from $ 6.31 to $ 0.7 in an hour. In this process, a total of $ 74.5 million liquidation experienced, Ethereum (ETH) after the most liquidity loss became the second crypto currency.
This decline in Mantra did not repercussions on other major Altcoins. XRP, Bnb, Dog, ISLAND, TON And Link Such leading Altcoins suffered slight losses. Solana And Tron It was among the prominent coins of the day by gaining around 3 percent.
Ethereum and Crypto Money Market
Ethereum‘s performance was limited. ETH, which rises slightly above 1 percent in the last 24 hours, managed to rise above a thousand $ 600 level. However, this rise remained quite dull compared to the rise in Bitcoin.
Crypto currency The total value of the market did not exceed the level of resistance of 2.9 trillion dollars. In the last 24 hours, there is a loss of approximately $ 20 billion. This reveals that the current environment in the market is still fragile for coins outside Bitcoin.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
