In the dynamic world of cryptocurrencies, Bitcoin is trying to once again reach the level of 27 thousand dollars, while Chainlink is gaining strength, becoming one of the main players in the last 24 hours.
Although Bitcoin, sometimes called the “king of cryptocurrencies”, recently tried to break the 27 thousand dollar barrier, it did not succeed – at least for now. At the same time, while Bitcoin struggles for dominance, another cryptocurrency, Chainlink, noticeably rose by about 6% in a single day.
Just a week ago, on Monday, Bitcoin’s movements were very volatile. It dropped by a thousand dollars to its lowest level in two months, below 25 thousand, but positive news about a new ETF application gave it a quick upward impulse. As a result, this cryptocurrency regained the value of 26 thousand dollars and had ambitions to go even higher.
The following working days brought somewhat more optimistic moods. Bitcoin gradually increased its value in US dollars. The climax occurred on Saturday morning when it reached the value of 26,900 dollars for the first time in over two weeks. Unfortunately, as was the case during previous attempts to conquer this threshold, the bear market halted the initiative. Bitcoin quickly lost several hundred dollars, stabilizing for the rest of the weekend around 26,500 dollars.
Meanwhile, other major cryptocurrencies behaved quite calmly. Ethereum, Binance Coin, and Solana recorded minor gains, while Ripple and Dogecoin recorded minor losses.
The biggest daily drop affected TONCOIN. Nevertheless, TON still remains at the forefront of the most profitable cryptocurrencies, with its current value oscillating around 2.4 dollars.
Chainlink, on the other hand, turned out to be the biggest winner of the last 24 hours. Its value increased by more than 5%, exceeding 6.5 dollars.
The cryptocurrency market as a whole remains relatively stable, with the total capital of all crypto-assets amounting to just over 1.060 trillion dollars.
In the world of cryptocurrencies, changes are a daily routine. However, one thing is certain, both Bitcoin and other digital currencies will continue to shape the future of global finance.
Photo by Kanchanara on Unsplash
