bitcoin Reaches 18-Month High

bitcoin surged above $38,000 for the first time in over a year and a half, but failed to maintain its momentum.

Most altcoins, including ETH and SOL, remain relatively steady in their daily trading.

bitcoin had a volatile week, with Binance making headlines for a settlement with the US Department of Justice. Despite fluctuations, BTC reached a high of $38,500, its highest price since May 2022, before settling just below $38,000. Its market cap remains at $740 billion with a 51.4% dominance over the altcoins.

APE Charts Double-Digit Gains

Most altcoins experienced similar volatility, with BNB being the hardest hit, losing 20% of its value in a short period. ETH briefly surpassed $2,100 and SOL struggled to reach $60. Notable daily gainers include STEPN, APE, and MINA, all experiencing double-digit increases. The total crypto market cap has increased by around 1% and stands at $1.44 trillion.

### News source:

See also  Grayscale's SEC Victory Unlikely to Boost Bitcoin & Crypto Long Term

By Team