Ethereum Name Service (ENS) Surges 25% Daily, Bitcoin (BTC) Returns to $43,000 (Market Watch)

Bitcoin price finally made some moves in the last 24 hours but has ultimately returned to its recent stagnation point of $43,000.

The alternative coins are also quite sluggish in a daily comparison, apart from TAO and OP for the larger caps.

BTC back to $43,000

Bitcoin shot up to $43,750 several times last week after recovering about five grand in a matter of days following post-ETF approval setbacks. The last such attempt to break above $44,000 was met with a fierce rejection that sent the asset plummeting by almost two grand.

Nevertheless, BTC was able to recoup some of the losses in the following days and returned to $43,000. Since then, things have been quite calm as Bitcoin appeared to be stuck at this level.

The last 24 hours finally saw a rise that reached $43,500, but another rejection followed, pushing BTC down by just over $1,000. However, the bulls intercepted the move and did not allow a break below $42,000.

On the contrary: BTC was able to make up some ground and is now at the familiar level of $43,000. This means its market cap is back at just over $840 billion and its dominance over altcoins is just over 51%.

BTCUSD. Source: TradingView

ENS increases

Although altcoins are known for their volatility, they have also shown quite calm price performance recently. The last 24 hours didn't bring any fireworks either. ETH, XRP, TRX, LINK, MATIC and TON are recording slight gains, while BNB, ADA, AVAX and SOL are slightly in the red.

XMR fell the most among the top 36 alternatives, losing over 15% in value. As a result, the privacy coin has fallen to $140.

In contrast, TAO is up 15% while OP is up just over 6% over the same period. Ethereum Name Service has re-entered the top 100 alts after a massive 25% daily increase. ENS is now trading above $22 and has a market cap of almost $700,000,000.

The total crypto market cap at CMC is still $1.650 trillion.

Overview of the cryptocurrency market. Source: Quantify Crypto
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Cryptocurrency charts from TradingView.

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