Bitcoin attempted to break the $27,000 level but fell short, currently sitting about $500 below it.
While most altcoins are relatively stable, TON is experiencing significant growth, with a 10% increase and a price above $2.
BTC Fails to Reach $27K
On Monday, the primary cryptocurrency experienced a sharp decline, reaching a two-month low just below $25,000. However, the market quickly rebounded after the announcement of a Bitcoin ETF application from a financial giant, and BTC recovered all its losses.
In the following days, the price of Bitcoin continued to rise and reached its highest level in over two weeks at $26,900. However, it was unable to surpass the $27,000 level and experienced a downward correction, currently trading at $26,500.
The market capitalization of Bitcoin remains around $520 billion, and its dominance over altcoins is slightly above 49%.
TON Steals the Show Again
Toncoin has been one of the best-performing assets in the past week, driven by positive engagement from messaging giant Telegram. In the last 24 hours alone, it has surged 10% and reached a new high above $2. TON’s weekly gains amount to 20%.
Other notable gainers among the larger-cap altcoins include Polkadot, Litecoin, VET, and MKR. VET has experienced the highest increase among this group, rising just over 5%.
On the other hand, ETH, BNB, XRP, DOGE, MATIC, and SHIB have seen minor gains, while ADA, SOL, and TRX are slightly in the red.
The total crypto market cap has surpassed $1.060 trillion on CMC, with an additional increase in the past few days.
