ZEC has dumped hard again in the past 24 hours.
Most larger market cap alts have remained sluggish over the past 24 hours, with ETH struggling below $3,100 and XRP nearly breaking below $2.10.
BTC calms down
The primary cryptocurrency started the business week on a strong note, rising to nearly $95,000 on Tuesday morning. This impressive price rise came after the volatile weekend, which saw Bitcoin defend the $90,000 support even after the US conducted a successful military operation in Venezuela and captured its president.
However, after that multi-week spike, BTC was immediately rejected. It fell almost immediately to $91,200 before jumping to $94,000, only to be halted again. The nosedive continued as the week progressed, dropping to just over $89,000 on Thursday. The bulls managed to contain the losses and pushed it to $92,000 yesterday.
More volatility was expected throughout the day as the US Supreme Court was set to announce its decision on the legality of Trump’s tariffs. However, the decision was postponed and BTC remained relatively stable as it now trades at $90,500, with little to no movement in the last 12 hours.
Its market cap stands at $1.810 trillion, while its dominance over alts is almost 57% on CG.
POL up, ZEC down
ETH, XRP, SOL and DOGE are slightly in the red on a daily scale. As a result, ETH is inches below $3,100, while XRP is shaky at $2.10. SOL is down to $136, while DOGE is at $0.14. ZEC has fallen the most against the larger cap alts, losing 12% in value to $380 at the time of writing.
In contrast, POL has shot up 17% and is now near $0.17. TAO and SUI have also posted gains in the past day, while BNB is above $900 and TRX is nearing $0.30.
The total cryptocurrency market capitalization has increased by approximately $20 billion per day and now stands at $3.180 trillion.
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