Crypto
Bitcoin Consolidates Near $81k as Altcoins Surge
Bitcoin continued its consolidation phase near $80,000 on Sunday evening, trading at approximately $81,250 according to CoinGecko data.
The 24-hour price change was a positive 0.7% in USD terms, with the market cap sitting at $1.62 trillion and daily trading volume of $21.6 billion.
This comes as altcoins moved aggressively, with Sui (SUI) gaining 24%, SWEAT (SWEAT) surging more than 257%, and TROLL (TROLL), a Solana-based meme token, adding roughly 98%.
The stability of Bitcoin's price while altcoins move is consistent with altcoin season dynamics, where capital rotates into smaller assets seeking higher percentage returns.