• Bitcoin bounced again from the $53,000 worth stage however couldn’t maintain above $55,000.
• TonCoin (TON) was bullish, with its worth rising by 4.31%.
• SOL, SUI, and POL have been gradual and no important motion was noticed.

Bitcoin (BTC), the highest cryptocurrency by market cap, has recovered from a drop under $53,000 to reclaim the $54,000 stage and is eyeing increased at the same time as altcoins present blended efficiency. General market sentiment stays “impartial” with shopping for quantity low for many digital belongings.

In keeping with knowledge from CoinMarketCap, Bitcoin rose 0.65% to commerce at 54,823.99, whereas buying and selling quantity elevated 19.85% to $21 billion. Furthermore, the market valuation of the main digital asset is at $1.082 trillion, with BTC dominance at 55.7%.

Additionally learn: Bitcoin costs proceed to fall, market sentiment worsens

Previously 24 hours, BTC hit a excessive of $55,373.32, bouncing off a low of $53,653.76, however the cryptocurrency continues to be down 25.67% from its all-time excessive of $75,750 hit in March of this yr.

Additionally learn: Put together for a Bitcoin drop: Analysts' methods as $44,000 collapse looms

Whereas Bitcoin struggles to reclaim the $60,000 mark, altcoins comparable to SOL, SUI, and POL, other than TON, have additionally failed to achieve increased highs amid the present crypto market ambiguity.

SOL, the native token of the Solana blockchain, is buying and selling at $127.67, down 0.34%, regardless of a 27.48% improve in buying and selling quantity, now at $1.5 billion. The sixth-largest cryptocurrency by market cap, now at $59.7 billion, has rebounded from a 24-hour low of $126.81 to a excessive of $131.52, however stays down greater than 50% from the all-time excessive of $260.06 it hit in the course of the 2021 bull run.

TON, the open-network digital asset, recorded a powerful 4.31% improve amid the present market downturn, buying and selling at $4.90 with a market cap of $12.4 billion. The altcoin has returned to the tenth place by way of valuation, overtaking Cardano (ADA) after it overtook its spot within the prime 10. TON's buying and selling quantity has elevated by 35.44% and now stands at $205 million.

SUI and POL are within the doldrums with SUI down 1.89% and POL down 0.02% prior to now 24 hours. POL is at the moment buying and selling at $0.3747 and SUI at $0.9055.