Bitcoin has reacted well after the dump to $31,000 and has added $6,000 in two days. As a result, its market dominance has increased to 43%.
The cryptocurrency market cap has recovered $100 billion since yesterday's low as bitcoin jumped by $3,000 to around $34,000.
The cryptocurrency market saw massive disruptions again as bitcoin plummeted to a two-week low beneath $32,000.
While most of the cryptocurrency market, including BTC, ETH, XRP, and BNB, have stalled, Solana has outperformed them all with a 10% surge.
The crypto market cap lost $140 billion at one point as bitcoin slipped below $35,000. More losses are evident in the altcoin space.
The cryptocurrency market has reacted well after the latest Musk-initiated dump by recovering nearly $100 billion as BTC touched $38,000.
Another controversial tweet by Elon Musk has caused substantial losses in the cryptocurrency space with $100B gone from the market cap.
With bitcoin surging to $39,000 in the past 24 hours and most alts deep in green, the crypto market cap has exceeded $1.7T for the first time since Friday.
Binance Coin's impressive surge has helped it overcome Cardano as the fourth-largest cryptocurrency asset while bitcoin stalls around $37K.
Despite reaching an intraday high of $38,000, bitcoin was rejected and dropped by $2,000 in hours. ETH, BNB, and ADA have reduced BTC's dominance.