Cryptocurrency has started to reclaim its relative peace as Bitcoin (BTC) has stabilized above the $29,000 level and the market capitalization has maintained the $1.2 trillion level. With ongoing losses, Bitcoin's market dominance is climbing again to 47%. Meanwhile, altcoins are mostly trading slightly in the red.

This past week started with BTC trading sideways in a tight range, however, mid-week massive volatility due to fake news about the US government and Mt. Gox wallets, brought the asset south hard. Although losses were recovered soon and BTC came just inches away from touching the $30,000 mark, it ended with a retrace of several hundreds of dollars, now stabilizing just above $29,000.

Ethereum (ETH) met with similar weekly volatility, going over $2,000 before crashing below $1,800 regain all of them for the time being. Binance Coin (BNB) is now trading slightly above $320, with Cardano, Litecoin, Shiba Inu, and Avalanche witnessing minor daily losses. On the other hand, Ripple (XRP), Dogecoin (DOGE), Polkadot (DOT), and Tron (TRX) have marked some small weekly gains. ICP (INJ), however, is the top performer of the week, up by 17%, close to $8.5, at press time.

Overall, the crypto market is regaining its relative calm, but most participants will be looking for clear bullish signals from Bitcoin as the asset still needs to break the $30,000 barrier to put buyers in charge. Any unexpected development or news could alter things quickly, as the crypto market volatility is still high compared to other markets.



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