Is the Crypto Market Getting Crazy? This Is What Happens In The Market That 'Traders' Need To Know!

<p>&nbsp;Bitcoin is seen to move only a few hundred dollars either in the bullish or bearish position and remains stuck around the $26,000 price level for the day.</p><p><br /></p><p>Most altcoins have posted small daily gains today. Altcoins that have a large market capitalization are led by AVAX, DOT, and TONCOIN.</p><p><br /></p><p>Although altcoins are known for their high volatility, this has rarely been the case in recent months. Most altcoins have failed to produce major moves either in the bullish or bearish positions since the crash in mid-August.</p><p><br /></p><p>The last 24 hours are a bit more positive than yesterday, as now the chart is filled with green. ETH, BNB, XRP SOL, MATIC, ADA, DOGE, and LTC have all posted small daily gains.</p><p><br /></p><p>The most significant price increases of large market cap altcoins came from Avalanche (4.6%), TONCOIN (3.4%), and Polkadot (3%).</p><p><br /></p><p><br /></p><p>However, today the focus is on altcoin XDC as it surged more than 16% and rose to the $0.06 price level.</p><p><br /></p><p>Despite this, the total market value of crypto assets still remains at the same position as yesterday, which is around $1.050 trillion in CMC.</p><p><br /></p><p>Major cryptocurrencies also fell sharply during the fall on August 17 and plunged to a two-month low of $25,300. However, it recovered quickly and returned to $26,000 the next day.</p><p><br /></p><p>The next ten days, there was nothing to catch the market's attention other than a brief drop last Wednesday and a jump to $26,800 on Thursday. Cryptocurrencies seem to fail to move reliably in any direction.</p><p><br /></p><p>So far it's been days, BTC has only gone up or down by more than $500. 24 hours ago and did not bring any change. As expected, its asset market cap remains stagnant below $510 billion, while its dominance over altcoins stands at 48.3%.</p>