This summary text is fully AI-generated and may therefore contain errors or be incomplete.
Bitcoin experienced a setback in its upward trajectory, falling from $38,000 to $37,100. While most altcoins are also in the red, tokens related to the Terra ecosystem have seen significant price increases, with some rising by nearly 300%. This comes after a volatile week for BTC, which initially dropped below $36,000 following the Binance-DOJ settlement but then surged to an 18-month high of $38,500. However, bears quickly pushed the price back down, and bitcoin currently sits just above $37,100. Despite this, its dominance in the market has increased slightly to 51.5%. In contrast, the larger-cap altcoins, such as Ethereum, Binance Coin, Ripple, Cardano, Tron, Toncoin, Avalanche, and Polkadot, have all retraced by up to 2%. Solana, Chainlink, and Polygon have seen declines of 3-5%, while Dogecoin and Shiba Inu are the only larger-cap altcoins in the green with minor increases. The standout performers today are tokens from the Terra ecosystem, with the derailed stablecoin experiencing a 275% increase in the past day and 370% over the last week. Terra Classic (LUNC) and Terra (LUNA) have also seen impressive gains of 50% and 32%, respectively. Overall, the total crypto market cap has decreased by around $20 billion overnight and currently stands at $1.420 trillion.