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Bitcoin’s price performance continues in an underwhelming fashion, as the asset slipped below $43,000 but has returned to that level in the Asian trading hours.
The altcoins are mostly with minor gains, aside from $LINK and $TIA from the larger caps, both of which have charted impressive increases.
$BTC Shaky at $43K
Bitcoin faced enhanced volatility after the approval of spot ETFs last month, but it was predominantly heading south. This culminated in a massive price drop to $38,500 on January 23. However, the bulls finally stepped up on the gas pedal at that point and didn’t allow any further declines.
Just the opposite, $BTC started regaining value and jumped to $40,000 during the following weekend. Last week was even more positive, with further increases that pushed the asset north to $43,750 on a few occasions.
Nevertheless, each attempt to take down $44,000 was unsuccessful, and $BTC was eventually pushed back down to $42,000 on Thursday – a day after the latest FOMC meeting.
The cryptocurrency managed to recover some ground and entered the weekend at around $43,000. It didn’t really move from that position in the next few days until earlier today when it slipped by almost a grand. As of now, though, Bitcoin has recovered most losses and remains close to $43,000 once again.
Its market capitalization is back to just over $840 billion, and its dominance over the alts is inches above 51% on CMC.
$LINK, $TIA Take Over
Most alternative coins have produced minor gains over the past day. Ethereum and Binance Coin are up by around 1% each, which has helped ETH remain above $2,300 and BNB stand north of $300.
SOL, DOGE, TRX, DOT, MATIC, and TON are also slightly in red, while XRP, ADA, and AVAX have insignificant losses.
Chainlink has taken the main stage from this cohort of alts, with a 5% surge that has taken it to nearly $19. $TIA is up by 7% and trades above $18.
The cumulative market cap of all crypto assets has remained sluggish at $1.650 trillion on CMC.
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