The cryptocurrency market has been in a consolidation phase following Bitcoin‘s recent surge to $35,000 and a subsequent correction. Bitcoin has maintained stability around $34,000 in the past 24 hours, with an attempt to push higher but ultimately retracing to approximately $33,978 low on Binance.
Bitcoin’s dominance in the market remains above 50%, currently at 51.2%, indicating its significant share relative to other cryptocurrencies.
Most altcoins have experienced modest gains, reflecting a consolidation phase, although exceptions like Shiba Inu (SHIB) have seen a 3.3% increase in the past 24 hours, making it the best-performing altcoin among those with larger market capitalization.
The overall market has been relatively calm, with some notable performances. Render (RNDR) has gained 10%, while BitTorrent (BTT) has risen by 7.1%. On the downside, Rollbit Coin (RLB) saw a 9% decline in the past 24 hours and XDC Network (XDC) follows with a 4.3% decrease at the time of writing.
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