Last week was highly volatile for the primary cryptocurrency, which dumped by over $1,500 on Monday as the SEC sued Binance. When the regulator took things a step further on Tuesday by going after Coinbase, BTC took another slight dip to a multi-month low of under $25,400.

Surprisingly, the asset went on a tear in the following hours and shot up by $2,000. That was short-lived, though, as it returned to around $26,500 rather quickly where it stood for the rest of the working week.

As the weekend approached, bitcoin took another dive and dropped all the way back down to $25,500. It tried to recover most losses on Monday but was halted in its tracks at $26,200. The past 24 hours have been relatively quiet, with BTC trading at around $26,000.

Its market capitalization has managed to increase to above $500 billion, while its dominance over the altcoins stands still at just under 48%.

BTCUSD. Source: TradingView## Alts Turn Green

Most altcoins suffered a lot more than BTC during last week’s massacres, which was expected given the fact that quite a few of them were classified as unregistered securities in the SEC’s lawsuits.

Binance Coin is a prime example. It traded above $315 a week ago and dumped to a six-month low of $222 registered yesterday. Now, though, BNB is up by 5% on a daily scale and trades at $235.

The rest of the larger-cap alts are also in the green. Ethereum, Cardano, Dogecoin, Solana, and Polygon have jumped by up to 2%, while XRP, TRX, LTC, DOT, AVAX, and SHIB have added over 3% in a day.

More impressive daily gains come from the likes of UNI, ICP, HBAR, FIL, ARB, and ALGO – all of which have increased by 5% or more.

SUI has shot up the most from the lower-cap alts, having soared by more than 15% in the past day.

In total, the crypto market cap has managed to recover $10 billion in a day and is up to $1.060 trillion.

Cryptocurrency Market Overview. Source: Quantify Crypto

Penafian: Informasi di halaman ini dapat berasal dari pihak ketiga dan tidak mewakili pandangan atau opini Gate. Konten yang ditampilkan hanya untuk tujuan referensi dan bukan merupakan nasihat keuangan, investasi, atau hukum. Gate tidak menjamin keakuratan maupun kelengkapan informasi dan tidak bertanggung jawab atas kerugian apa pun yang timbul akibat penggunaan informasi ini. Investasi aset virtual memiliki risiko tinggi dan rentan terhadap volatilitas harga yang signifikan. Anda dapat kehilangan seluruh modal yang diinvestasikan. Harap pahami sepenuhnya risiko yang terkait dan buat keputusan secara bijak berdasarkan kondisi keuangan serta toleransi risiko Anda sendiri. Untuk detail lebih lanjut, silakan merujuk ke Penafian.

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