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Bitcoin tried to break the $68,000 level with a brief rise above that level but failed for now and is now slightly below it.
Nevertheless, Bitcoin's dominance in the market continues to increase as most altcoins posted slight losses over the past day.
After recovering from last Thursday's drop below $59,000, the major cryptocurrency bounced back with a big jump and added four thousand heading into the weekend. The buyers took full control at the start of this business week, which led to a surge to $68,000 on Tuesday before a major rejection pushed BTC down over three thousand.
However, the decline was only temporary and Bitcoin started to re-establish its position immediately. This has seen the asset reach the $68,000 level several times since then, which is the highest price seen since late July.
This comes amid a huge resurgence for spot Bitcoin ETFs, which have seen over a billion in net inflows in recent days.
Despite a slight decline after reaching a peak earlier today, BTC is still close to the $68,000 level. Bitcoin's market cap is over $1.340 trillion, while its dominance over altcoins is over 55% in CG.
After a few gloomy months, Elon Musk again voiced his support for Dogecoin yesterday, leading to an immediate rise for this biggest meme coin. In fact, DOGE was among the few altcoins that recorded significant gains today, with a surge of over 8%. Earlier, the asset hit a new multi-month high.
POPCAT is another altcoin in the top 100 that saw a huge jump of 11%. INJ (6.5%), MEW (6%), and FTN (6%) also followed.
On the other hand, Binance Coin, Tron, Solana, Toncoin, Cardano, and Avalanche posted slight losses. NEAR, SUI, and KAS recorded a decrease of up to 4%.
The total amount of crypto market capitalization increases slightly every day and now reaches $2.436 trillion in CG.