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This week started with strong momentum for the largest cryptocurrency by market value, as the price of the currency rose to the $70,000 level for the first time in seven weeks.
The rise came after Donald Trump's remarks at the Bitcoin 2024 conference in Nashville.
However, the digital currency Bitcoin was unable to maintain this momentum, as its rise was met with strong rejection that pushed the price of the currency down.
By Wednesday, Bitcoin had lost about $4,000, hitting $66,000.
Although it tried to break the $67,000 barrier and level on Thursday, this attempt did not last long, as the market returned to the downtrend.
The price first dropped to the $63,500 level before the coin saw another downtrend.
However, the market volatility did not stop, as the price of Bitcoin quickly rose to $65,600 within hours, before falling again and settling above $64,000.
Despite this, Bitcoin's market cap remained at $1.270 trillion, while its dominance over altcoins rose to 52.9%.
On the other hand, the altcoins with large market cap, the price of Ripple has fallen by more than 6% in the last 24 hours.