Altcoins Rise as Bitcoin Steady
The cryptocurrency market capitalization added another 1.5% overnight to $1.34 trillion as the corrective reset quickly shifted to buying. Bitcoin is up 2%, while Solana and Chainlink are up 6%. This pair also led the gains of the last 30 days, indicating strong demand for them. On the contrary, BNB loses 0.6% in 24 hours and adds 17% in 30 days.
bitcoin continues to trade in a bullish corridor, finding buyers on dips from slightly higher levels. A second failed attempt to reach $36,000 on Tuesday night suggests that most players are not looking to accelerate, further confirming a shift in focus towards altcoins.
solarium has returned to rapid growth after a period of pressure earlier this month. At $43, it is trading near a 15-month high. A locally important milestone for the coin could be the $48 level. An easy break of this level would open a direct path to $75.
Crypto News
The US Securities and Exchange Commission (SEC) is having difficulty hiring crypto experts because the right people are not willing to sell their digital assets. This is indicated in a report from the agency's Office of Inspector General.
The capitalization of the largest stablecoin, Tether (USDT), has increased 22% since January to $85.42 billion, according to IntoTheBlock, and Tether has accumulated up to 69% of the funds placed in the digital currency market with real guarantee, according to DeFiLlama.
Germany's third largest bank, DZ Bank, announced the launch of its digital asset custody platform. The bank plans to offer institutional investors and private clients the opportunity to purchase cryptocurrencies.
Rein Lรตhmus, co-founder of Estonia's LHV bank, lost the password to a wallet containing 250,000 ETH (over $473 million) and plans to use artificial intelligence to recover it.
