#BitcoinNews #Cryptocurrency #BitcoinPrice #Altcoins #Ethereum #Solana #Binance #CryptoMarket
The cryptocurrency market took an adventurous turn this week with Bitcoin breaching the $38,000 mark for the first time since May 2022. Despite the high, an imminent tumble hindered its progress and it now hovers just below the monumental figure. These fluctuations followed the news of Binance reaching a hefty $4.3 billion settlement with the US Department of Justice without admitting any guilt. Moreover, the circumstances resulted in Changpeng Zhao, the company’s founder, and CEO, pleading guilty and stepping down.
Most altcoins also mirrored BTC’s drastical changes. Binance Coin (BNB) had the roughest journey, having dropped 20% of its value at one point. However, a speedy recovery put it at $235. Similarly, Ethereum (ETH) was a little shy of $2,100, while Solana (SOL) couldn’t cross the $60 line. Other noticeable daily price incline belonged to STEPN, APE, and MINA that flew high by double digits. The total crypto market capital stands at $1.44 trillion, marking an around 1% upsurge in a day.
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