CandleFocus Market Watch: Solana and Tron Defy Weekly Market Sentiment, Bitcoin Shaky at $67K
2024-10-27
Author: Content Editor
Over the past week, Bitcoin has experienced minor losses of nearly 2%. It initially surged to $69,500, its highest price since late July, but then began to decline and dropped to $65,000 on Wednesday. Tether-related FUD caused another dip to $65,500, but a price rally brought it back up to around $67,000. Bitcoin's market cap has been impacted by massive ETF inflows, decreasing to $1.325 trillion, but its dominance over altcoins has increased to 55.6%. Most larger-cap altcoins, including Ethereum, TONCOIN, Avalanche, and Shiba Inu, have seen losses ranging from 6% to 8.5%. However, Solana and Tron have defied the trend with gains of 8.5% and 6% respectively. The total crypto market cap has decreased by over $60 billion and is now below $2.390 trillion.
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