The price of XLM increased by 30% in two days while Bitcoin stabilized at the level of 85 thousand dollars.
After a week of sharp fluctuations, Bitcoin began to recover, trading now near the level of 85 thousand dollars.
Bitcoin's stability at the level of 85 thousand dollars:
The cryptocurrency market experienced sharp volatility last week.
On February 21, Bitcoin approached the level of 100 thousand dollars before retreating to the level of 96 thousand dollars.
The decline intensified on Tuesday as it dropped below the level of 86 thousand dollars, then temporarily bounced back to 89 thousand dollars before retreating again to the level of 82 thousand dollars.
The scenario repeated on Thursday before the currency collapsed on Friday morning to the level of 78 thousand dollars, its lowest level in over three months.
Despite the negative forecasts, Bitcoin responded positively and regained about 8 thousand dollars, boosting its market value to 1.7 trillion dollars with a market dominance of nearly 58%.
XLM leads the recovery of alternative currencies:
Despite previous declines, most alternative cryptocurrencies recovered some losses.
The price of XRP rose by 5% to 2.3 dollars, while ADA defended the level of 0.6 dollars and rose to 0.65 dollars.
SOL, BNB, DOGE, LINK, and SIU also recorded modest gains.
