Bitcoin was able to defend its level of $34,000, after witnessing a temporary decline below this level.
The largest digital currency by market capitalization remains hovering around this figure, with bullish investors able to provide relatively strong support against any downside.
In the same context, several alternative digital currencies witnessed positive performance, and even outperformed Bitcoin, such as Chainlink and Aptos, which recorded an increase of 6%.
During the week, Bitcoin was able to achieve a strong performance, as it was able to recover the $30,000 level strongly, reaching about $35,200.
The market witnessed widespread volatility with renewed optimism, thanks to expectations of the approval of BlackRock's Bitcoin ETF application, which sparked a state of greed among investors, according to the Fear and Greed Index.
Despite the fluctuations, Bitcoin's market value remained hovering around $665 billion, and its market dominance over alternative digital currencies decreased slightly, reaching 52.9%.
As for altcoins, Toncoin and Dogecoin saw relative declines, while others such as ETH, BNB, TRX, MATIC, DOT, and LTC made slight gains.
Cardano was up 3.6%, while LINK was up more than 6%.
In general, the total market value of digital currencies remained almost stable, with the total market value recording a level of $1.25 trillion, which reflects the continued relative stability in the market despite the ongoing fluctuations.
Posted Using InLeo Alpha