CRO Soars to a Monthly Peak, Bitcoin Lingers Around $109K (Market Analysis)

While Bitcoin's price movement has been relatively stable, certain altcoins have seen significant growth including CRO, which at one point soared by over 17%, and LINK, which rose by 5%. This growth in CRO follows the news of Truth Social, a social media platform operated by the Trump family, filing with the US SEC to launch a Crypto Blue-Chip ETF including BTC, ETH, SOL, CRO, and XRP.

The cumulative market cap of all cryptocurrencies has rebounded from previous losses, now standing at $3.440 trillion. Meanwhile, Bitcoin's price has been hovering between $107,600 and $109,300, with its market capitalization rising to $2.160 trillion. However, its dominance over altcoins has decreased to 62.9%.