BTC Can't Break $26k Level! What's Happening In The Crypto Market?

<p>&nbsp;Bitcoin has experienced volatility in price since yesterday, including a jump and a drop of $600, but overall has calmed down below the $26,000 trading level once again.</p><p><br /></p><p>Alternative currencies also show volatility with little or no movement from ETH, BNB, XRP, ADA, etc.</p><p><br /></p><p>The major cryptocurrency has experienced a spike in volatility over the past week when it dropped more than two thousand in a few hours after Grayscale won against the SEC. However, it lost momentum completely in the following few days and fell to a lower level at $25,350.</p><p><br /></p><p>Waima so BTC managed to recover some of those losses and was close to reaching $26,000 by the weekend. Since then, not much has happened with the price movement, except for a brief dip to $25,681 at the time of writing.</p><p><br /></p><p><br /></p><p>Currently, the asset remains buoyant at around the $25,700 level, with a market cap of just over $500 billion and its dominance over altcoins at 48.2%. However, according to data from Glassnode, the number of BTC addresses experiencing losses has started to rise and is at a 7-month high.</p><p><br /></p><p>Most of the major altcoins also failed to produce significant price movements in the last day. On the other hand, assets like ETH, BNB, TRX, DOT, MATIC, and LTC traded with small gains, while on the other hand, altcoins like XRP, ADA, DOGE, and SOL recorded small losses.</p><p><br /></p><p>The most notable bullish of the top 20 altcoins is TONCOIN. TON is back on track with a 5% surge that has pushed it past the $1.8 price level. Further surges came from altcoins ASTR, RUNE, and KAS.</p><p><br /></p><p>However, the cumulative market capitalization of all crypto assets has remained relatively stable below $1.050 trillion at the CMC.</p>