The price of Bitcoin has stopped at less than $44,000, while the OP currency has risen by 25% in the last 24 hours.
Recently, it was observed that the price of Bitcoin (BTC) has stabilized below the $44,000 level, while the OP currency has seen a significant increase of 25% in a single day.
Bitcoin exhibited notable movements on Friday, surpassing the $44,000 mark, but this increase was followed by a rapid decline. Since then, the currency has faced challenges in approaching this level again.
On the other hand, most alternative digital currencies are experiencing a decline, with AVAX and DOT experiencing larger declines compared to their larger market cap counterparts.
In contrast, the OP currency recorded a noticeable increase.
The story begins with Bitcoin stumbling at the beginning of the week, as its price fell to $40,500 on Monday. However, this decline did not last long due to the intervention of speculators who pushed the price to exceed $43,000 the next day.
Following that, the leading digital currency experienced another surge, reaching over $44,000 on Wednesday. Despite this increase, Bitcoin has not been able to maintain this level, currently standing at $43,500.
The market cap of Bitcoin has remained almost stable at just over $850 billion, with a slight recovery in its dominance over alternative digital currencies, currently at 51.4%.
As for the OP currency, it recorded a significant increase, with its price rising by 25% to around $3.3, thanks to positive developments in the Optimism network that contributed to this surge.
Regarding alternative digital currencies, the majority are trading in the red zone, with AVAX and Polkadot recording the largest losses.
Additionally, currencies such as BNB, XRP, ADA, LINK, and TON are also experiencing declines.
Finally, the overall market capitalization of cryptocurrencies slightly decreased in the past day but still exceeds $1.65 trillion according to CoinMarketCap data.