While Bitcoin has not had a noticeable price change during the past day and night, some of the altcoins in the market have faced significant jumps during this time.
To Report Cryptopotato, the market condition of most digital currencies was red (bearish) yesterday. Today, however, the situation has changed to some extent and while the Bitcoin market is still volatile, Binance Coin, a token affiliated with Binance digital currency exchange, has increased in price by 6% in the last 24 hours. Binance Coin is currently trading at its highest price in the last 16 days, and today it has reached a high of $317.
Dogecoin is another currency that has performed well during this period and has experienced a 13% jump since the beginning of yesterday and is now trading around $0.0924.
Ethereum has increased in price by about 3% in the last 24 hours and is currently trading at a price of more than $1,220. Cardano, Polkadat, Paligan, Shiba Inu and Solana are among the other currencies that have faced an increase in their prices in the last 24 hours.
The total value of the digital currency market has increased by nearly 10 billion dollars since yesterday and has reached over 840 billion dollars.
Despite the price growth of many altcoins in the market, Bitcoin continues to experience calm and non-volatile conditions. In fact, Bitcoin is now trading at exactly the same levels that we saw last Saturday; That is $16,500.
In the middle of last week, the price of Bitcoin fell to $15,500, which is the lowest level in the last 2 years. Buyers continued to push Bitcoin back to higher levels with price support in this area. Bitcoin even went as far as breaking the $17,000 resistance, but failed to break through this area.
The stagnation of the Bitcoin market near $16,500 and the simultaneous growth of the price of altcoins means that the dominance rate of this digital currency has decreased during this period. The dominance rate of Bitcoin has now fallen to 39.92% and the market value of this digital currency is less than 320 billion dollars.