Bitcoin Stabilizes at $118 While Litecoin Soars 16%

• Bitcoin price remains at $118 today
• Litecoin rises 13% and surpasses US$115
• Crypto market cap remains at $3,95 trillion

Bitcoin's price today is at $118.677, registering a slight increase of 0,5% in the last 24 hours. Despite the positive short-term movement, the market's leading cryptocurrency has not shown any accumulated gains this week, remaining virtually stable over the last seven days.

After breaking through the $110 resistance last week, Bitcoin reached a new all-time high of over $123 on July 14. However, a correction led the currency to fall back below $116. Since then, BTC has fluctuated between failed attempts to break above $121 again and stabilizing at its current level, around $118.

Bitcoin's market capitalization has fallen to $2,344 trillion, while its dominance in the cryptocurrency market has fallen to 59,4%. Despite the price slowdown, the asset remains performing solidly compared to the beginning of the month.

Cryptocurrencies today

Among altcoins, Litecoin (LTC) stands out, having performed best among the 50 largest cryptocurrencies in the last 24 hours. The asset jumped more than 16%, trading above $116, boosting interest among medium-term investors.

Ethereum (ETH) rose nearly 5% and is trading above $3.700. BNB and ADA also saw slight gains of around 5%, while TRX and XRP declined similarly. SUI and LINK advanced up to 3% on the day, maintaining the bullish momentum among the largest-cap altcoins.

Other assets with impressive performance were ENA and XDC, both with double-digit gains. On the other hand, BGB and SKY each fell about 3%, reflecting selective volatility among cryptos outside the top 20.

The total cryptocurrency market cap remains stable at approximately $3,95 trillion, reflecting a balance between Bitcoin's consolidation and positive movement in several altcoins, especially Litecoin.