This summary text is fully AI-generated and may therefore contain errors or be incomplete.
Bitcoin’s price has been relatively stagnant, hovering just below $38,000. This lackluster movement is mirrored by most altcoins, including Chainlink and Tron, which have only seen minor gains among the larger caps. The volatility of Bitcoin’s week can be attributed to recent developments involving Binance and US authorities. The Department of Justice reached a settlement with Binance, resulting in a $4.3 billion payment and the resignation of CEO Changpeng Zhao. As a result, Bitcoin experienced a dip to $36,600 before quickly rebounding. However, its momentum was short-lived, and it has remained stuck below $38,000 for the past few days. Despite this, Bitcoin’s market capitalization remains at $740 billion, with a dominance over altcoins at 51.3%. In terms of altcoin performance, XRP, BNB, SOL, and DOGE have seen minor losses, while ETH, ADA, AVAX, MATIC, and DOT have insignificant gains. The most significant daily jumps have been observed in Chainlink and Tron, both experiencing around a 3% spike. On a weekly scale, BLUR has emerged as the top gainer, with its native token soaring by over 70%. Other top gainers include STEPN, ApeCoin, MINA, and Klaytn. The total crypto market cap has increased by a few billion and is now close to $1.450 trillion.