Following a week of notable volatility, Bitcoin (BTC) has settled back at the $26,000 mark, a level it has revisited multiple times recently.
The broader cryptocurrency market also displays a mix of performances, with some altcoins demonstrating resilience amidst the fluctuations.
After a late-week surge and subsequent pullback, Bitcoin retraced its steps to the $26,000 territory, mirroring the trend from the previous weekend.
August 17 marked a challenging trading day for BTC, as the cryptocurrency experienced a sharp drop of over $3,000, reaching a two-month low at slightly above $25,300. However, it swiftly rebounded and reclaimed the $26,000 threshold by the weekend.
The subsequent days maintained relative calm, with Bitcoin showing limited movement in either direction. A more significant price dip occurred mid-week, followed by a quick rebound to a six-day peak of $26,800.
Despite this recovery, Bitcoin was unable to surpass the $27,000 level, encountering rejection that pushed its price back to $26,000 on Friday.
The past 24 hours have seen a lack of substantial fluctuations, leaving the cryptocurrency hovering once again around the $26,000 mark.
Similar to BTC, most altcoins have exhibited a pattern of fluctuation over the past ten days. While they witnessed a decline last week and attempted to recover in the subsequent days, many of them have primarily traded sideways.
In the last 24 hours, minor daily gains are evident in Ethereum, Binance Coin, Ripple, Dogecoin, Tron, Polkadot, Shiba Inu, and Litecoin.
However, Cardano and Solana have experienced a slight dip of around 2% on a daily scale, with ADA at $0.25 and SOL approaching the $20 level.
SUI stands out as the day’s top performer, having surged by 9%. Impressively, the asset has marked a 20% increase over the past week, mirroring the performance of Shiba Inu’s BONE token.
