Bitcoin experienced significant drops over the past day, falling below $60,000 a couple of times. However, it has since rebounded, gaining over $1,500 to hover around $61,500. Although the dominant cryptocurrency has had a challenging week, recent recoveries have boosted its market capitalization by more than $20 billion, nearing $1.220 trillion. Despite this, its dominance has slipped to 54.4%.
In terms of altcoins, there has been a slight recovery following recent declines, with Dogecoin, Shiba Inu, and Chainlink emerging as notable gainers. Ethereum has approached $2,400, while Binance Coin has reached $550. Other cryptocurrencies like Solana, Ripple, Tron, and Bitcoin Cash have also seen gains. Notably, Aptos has surged by 10% to nearly $9, accompanied by BEAM and AAVE both rising by 9.5%. The overall crypto market cap has risen by about $40 billion, now standing at $2.240 trillion.
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