Bitcoin once again climbed above the $60,000 mark on Thursday, while other smaller cryptocurrencies experienced declines due to geopolitical uncertainty and the strengthening US dollar.
After briefly dipping below $60,000 on Wednesday, BTC bounced back to $61,500 during Asian trading hours, but later dropped during European and US sessions.
Currently trading at around $60,700, BTC has seen a 1% increase over the past day.
ETH, XRP, SOL, AVAX, and RNDR all saw losses, while APT, the native token of blockchain network Aptos, gained 7% on the day.
Bitcoin’s strong performance compared to the rest of the market has caused its market dominance, known as Bitcoin Dominance, to rise above 58%. At the same time, the ratio of ETH to BTC has dropped close to its low point of 0.038 in mid-September.
