The cryptocurrency markets have largely remained stable over the past 24 hours, with most coins showing little movement. The total market capitalization stands at approximately $2.2 trillion.
Bitcoin’s Price Tests $60K
Bitcoin’s price did not show much volatility in the past 24 hours. At one point, bears tried to drive it down to $59.5K, but bullish buyers quickly stepped in, pushing it back above $60K, where it is currently trading.
Overall, this wraps up a week of positive performance for BTC, with its price rising by over 10%.
The subdued volatility is also reflected in the relatively low number of liquidations in the derivatives market, which stands at $43M at the time of writing, primarily affecting Bitcoin and Ethereum.
Altcoins Stabilize
As noted earlier, the altcoin market also maintained a steady course throughout Saturday, with most coins experiencing minor fluctuations.
For instance, ETH has risen by 0.5%, BNB by 0.8%, and SOL by 0.3%. Notably, DOT saw a more significant increase of nearly 3%.
The standout performer over the past day is Celestia, which has surged by 10.6%, followed closely by the Artificial Superintelligence Alliance (FET), rising by 6%.
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Cryptocurrency charts by TradingView.
