Bitcoin (BTC) price is once again on the rise, hovering around the $28,000 mark with signs of potential further growth. Despite its recent dip of several hundred dollars, BTC has proved to be resilient in the face of short-term losses and is recovering all of its losses. Alternative cryptocurrencies have not been faring as well, with most sliding to the downside over the last 24 hours. ETH, the second largest cryptocurrency by market cap, is now trading just below the $1,600 price point. Over the course of the past week, BTC's market capitalization has remained around the $540 billion mark while its dominance among the top digital coins has also surged. At over 50%, BTC's dominance has been at its highest levels in months. The majority of altcoins have been falling in price over the last 24 hours, with losses ranging up to 3%. Tezos and ATOM are the only two major coins to see a rise, with Tezos increasing by almost 7%. This downward trajectory has still resulted in some major losses for the overall cryptocurrency market, with its total market cap now standing at $1.08 trillion.

Bitcoin's resilient rebound and its ability to consistently remain above the $28,000 level have buoyed investor confidence, although volatility may continue. Altcoins have yet to make a similar recovery, with their future performance likely determined by the movements of BTC over the next several days.



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