Bitcoin Holds $78K As Filecoin Surges 25 Percent

Bitcoin is starting a high stakes week on stable ground. After slipping toward $76,000 over the weekend, the leading cryptocurrency recovered to trade near $78,000. All eyes are on the upcoming Federal Reserve decision and the CLARITY Act vote, which will likely dictate market movement in the coming days.

While Bitcoin consolidates, altcoins are showing signs of life. Filecoin is the star of the show today, climbing 25 percent to hit the $1.00 mark. Meanwhile, BTW leads the pack with a 36 percent jump. Major assets like Ethereum are holding above $2,500, and Ripple is pushing hard against the $1.40 resistance level.

Market participants should watch for increased volatility as economic data and regulatory news hit the wires. Bitcoin dominance remains high at 59 percent, showing that the market is still very focused on the primary asset. With the total market cap sitting at $2.65 trillion, traders are positioning themselves ahead of what could be a pivotal period for the industry.