Crypto market stabilizes Bitcoin over 80K
The cryptocurrency market has regained its balance as Bitcoin crossed the $80,000 mark, rising by 0.55% to $80,016.9. This comes despite a retreat from its near $82,000 peak, which was triggered by strong US labor market data that raised concerns about the continuation of interest rate hikes. Meanwhile, alternative coins experienced notable gains, such as Ethereum, which increased by 2.65%, and BNB, which rose by 5.58%. The total market capitalization of cryptocurrencies remains around $2.7 trillion, with Bitcoin accounting for 59.3% of the market.
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