After falling roughly $1,000 and hitting a multi-week low below $23,000, Bitcoin has calmed down and is sitting just above that line amid low trading volumes.
Altcoins are also quiet today given trading volumes, plus Stacks and Lido Dao both up impressive percentages.
Bitcoin flat at $23K
Bitcoin attempted to drop $25,000 three times in the last 10 days or so, with the most notable rise coming in the middle of last week when it shot up to $3,500 on Thursday.
The volatility only increased when BTC fell below $23,500 soon after, while the last attempt at $25,000 occurred on February 21. Bitcoin briefly jumped above that line but was quickly rejected and fell back to $23,500.
After another price rally to $24,600, US PCE data came out, and Bitcoin fell nearly $1,000 in hours. Therefore, it fell to a 10-day low of $22,800 (on Bitstamp).
The cryptocurrency has regained some ground and is inches away from $23,000. Its market capitalization is close to $450 billion, while its dominance over altcoins is quiet at 42.2%.
STX steals the show
One of the best in recent weeks has been Stacks due to his relationship with the highly publicized NFT ordinals on the Bitcoin network. STX had skyrocketed 160% on a weekly scale a few days ago, and there were predictions that it could continue on its way to becoming a multi-billion dollar token.
The last 24 hours have brought another impressive 12% rise that has taken STX over $0.75.
LDO is the other notable gainer on a daily scale, up 6% and trading near $3.
The rest of the larger-cap alts are quieter. Ethereum is still sitting at $1,600, while Ripple, Cardano, Polygon, Dogecoin, Solana, Polkadot, and Shiba Inu all see small daily losses.
However, overall, the cumulative market capitalization has remained at $1.060 trillion.
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