The price of Bitcoin continues to move sideways, while the TON currency defies the prevailing trend and records a 7% increase.
The price of Bitcoin sharply declined yesterday to around $86,000, but it has recovered by more than $1,000 since then.
A week ago, the price of Bitcoin surpassed the $87,500 mark following the last Federal Reserve meeting and the conclusion of the Ripple lawsuit, but it quickly retreated to levels of $83,000.
It later stabilized at $84,000 over the weekend before rising on Sunday and Monday to $88,800, the highest level in over two weeks.
The downward momentum curtailed this rise, causing the price to drop sharply yesterday, Wednesday, where the price of Bitcoin lost about $3,000 and fell below $86,000.
However, the cryptocurrency managed to defend this level and quickly rebound above it, but it has retreated again to currently trade below the $86,000 mark.
As a result, the market capitalization of Bitcoin dropped to $1.704 trillion according to CG, but its dominance over alternative currencies slightly increased to 58.6%.
On the other hand, most alternative cryptocurrencies saw gains over the past few days but have now lost them.