Bitcoin price failed another attempt at breaching the $100,000 mark on Monday, as investors’ attention remains skewed towards the altcoin markets.
The cryptocurrency sector valuation shrank hit a new all-time high of $3.5 trillion on Monday. Bitcoin Dominance dropped to a 3-month low of 57%, signaling that investors are leaning towards the altcoins. Crypto market liquidations hit $647.46 million on Monday, with $428 million long liquidations representing 66% of the losses.
6% in the last 24 hours, reflecting its robust use case and $3.18 billion market cap. Zcash saw the highest surge among top coins, with a 24% jump, driven by its advanced privacy features like zero-knowledge proofs. Dash also impressed with a 17.5% increase, underpinned by strong trading volumes of $756 million. Together, these assets underscore the growing appetite for privacy-preserving cryptocurrencies in the wake of regulatory clarity.
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