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Bitcoin’s price retraced slightly yesterday, but the overall more positive momentum has endured, and the asset is close to $86,000.
Most altcoins are slightly in the red today, aside from $TON, which has gained around 5%. OM has failed to recover from yesterday’s crash.
$BTC to Reclaim $86K?
The primary cryptocurrency endured a highly volatile and painful five-day trading period last week when its price tumbled below $75,000 for the first time since November after Trump’s Trade War took another turn for the worse. After an immediate but brief bounce, $BTC dropped to those levels once again on Wednesday.
However, the tariff pause for most countries, except China, and the favorable US CPI data for March brought some much-needed relief to the crypto market. Bitcoin skyrocketed past $83,000 on the same day and jumped to $84,000 during the weekend after a brief correction at first.
Sunday was even more positive as the asset climbed to $85,000 and tapped $86,000 for the first time in a week on Monday. It slipped to $83,000 yesterday but bounced off again and now sits close to $86,000.
Its market capitalization stands just inches above $1.7 trillion, while its dominance over the alts is at 61% on CG.
$FARTCOIN on the Rise
Most larger-cap alts have posted some minor losses over the past day, led by SUI and DOGE as both have dropped by around 3-4%. SOL, TRX, AVAX, and SHIB are also slightly in the red.
In contrast, ETH, XRP, and ADA are with insignificant gains, while $TON has jumped by over 4% and sits close to $3. OM has failed to recover any substantial portions of yesterday’s crash, while HYPE trades above 16% after a 3% daily increase.
$FARTCOIN is the top gainer from the largest 100 alts, having surged by over 8% to $0.92.
The total crypto market cap has added around $25 billion since yesterday and is up to $2.8 trillion on CG.
