Bitcoin opened the week with another attemptunsuccessful to cross a key psychological level at $ 60,000, and is regularly trading close to $ 59,000.
Bitcoin's spot trading volume on eight major crypto exchanges tracked by was around $ 2 billion on Monday, mostly unchanged from the previous day. Source: CryptoCompare figcaption>
Meanwhile, the volatility of the bi30-day tcoin also fell, to almost 56%, a level not seen since the start of the year. Source: Research
The oldest cryptocurrency now trades in "a phase of consolidation", like Damanick Dantes of wrote earlier on Monday,with initial assistance of approximately $ 56,000.
Find out more: Bitcoin Fail to break $ 60,000; Short-term assistance close to $ 56,000
Ether and altcoins Trading Ether on Kraken Source: TradingView
The Monday market chatter was not on an bitcoin or ether, but across several alternative cryptocurrencies (altcoins), where price hikes have helped push the total market cap of all cryptocurrencies to $ 2 trillion.
Find out more: The last 'season Altcoin ' powered by XRP, Tron, Stellar pushes the market value of crypto to $ 2T for the first time
Tokens including bittorrent (BTT), tron (TRX) and tezos (XTZ) have all recorded double-digit percentage gains over the past 24 hoursures, investors and traders looking for lucrative small-cap token returns, as well as higher risk.
"The price of Bitcoin has stabilized between $ 55,000 and $ 60,000, creating a bullish market environment that encourages investors to explore other crypto -coins in the market, ”said Steve Ehrlich, CEO and co-founder of Voyager Digital. "This coincided with the fall in bitcoin's dominance, a leading trend indicator of the market cycle we actively find ourselves in.
According to TradingView, the dominance of the bitcoin market fell to around 57% from nearly 73% at the start of the year.
Digital assets on the 20 are mostlyin green Monday. Notable Winners at 8:00 p.m. UTC (4:00 p.m. ET):
Treasurys: The 20: The Ass and the most important for the market