The direction is still unclear for the cryptocurrency market as a whole, as the largest cryptocurrency by total market value continues to fluctuate between $ 34,000 to $ 38,000.
This affected all the alternative currencies and made them fluctuate as well, and are waiting for the release of Bitcoin to be released as well.
Bitcoin’s dominance in the market has risen to over 43%.
After recovering from its heaviest losses to $ 30,000, the base cryptocurrency has been rallying for a few days in a row.
The coin has challenged the $ 40,000 level on a few occasions, and even jumped above it for a while.
However, the bears did not allow any further increases and rejected every bitcoin bid.
The situation worsened in the following hours as Bitcoin continued to lose its value against the dollar.
This drove the price down to a five-day low under $ 35,000 (on Bitstamp).
However, the bulls lifted it at that point and pushed Bitcoin higher to its current position at around $ 36,500.
Although Bitcoin’s market capitalization is still under $ 700 billion, its dominance has increased to over 43%.
Privacy Coins Rise:
Most altcoins have suffered in the past 24 hours similarly to their leader.
Ethereum has dropped to around $ 2,300 but has added nearly $ 200 since then and is currently standing above $ 2,500.
Binance also dropped to just over $ 310 but rose to over $ 340.
Other major market capitalization currencies performed similarly to Bitcoin, Ethereum and BNB.
Interestingly, however, so-called privacy currencies have risen significantly over the past 24 hours.
Monero (XMR) is up 23% as it approaches $ 300.
The price of the (ZEC) currency rose by about 30% to $ 180, the currency of (DASH) by 10%, thus becoming more than $ 200, and the price of the digital currency (ZEN) increased by 21% to $ 114.