Bitcoin (BTC) is struggling to break through the psychological level of $28,000, but its volatility has dropped to a historically significant range. Previous chart patterns suggest that there could be a price increase, but caution is necessary as this has not always been the case.

The question of whether Ethereum will surpass Bitcoin in terms of total market cap has been a hotly debated topic in the cryptocurrency industry. While Bitcoin has been the dominant market leader, Ethereum's market cap has grown to over 40% of Bitcoin's.

Bitcoin has fallen below $27,000 as on-chain data suggests that miners may have been selling the asset. The "miner outflow" indicator shows that miners have taken out approximately 1,750 BTC from their wallets in the past day, which could be a bearish sign for the cryptocurrency's value.

Bitcoin's price volatility has increased as bulls attempt to break the $27,500 resistance. However, on-chain data shows positive signals for a potential price increase. Large transactions on the Bitcoin network have recovered after a recent fee hike, and Bitcoin supply on exchanges is at a 60-day low.

BRC-20 tokens have been responsible for almost half of all Bitcoin transactions since May, reaching a peak of 65% on May 7th. This has led to increased fees and transaction backlogs on the BTC blockchain, with fees per transaction averaging over $16 and peaking at $29 on May 9th.

Bitcoin may face potential losses in the third quarter of 2023 as U.S. lawmakers are likely to agree on raising the debt ceiling. This will result in the U.S. Treasury issuing new bonds to meet its previous obligations, leading to an increase in the cash pile at the Treasury General Account.

Bitcoin's price has dropped below the key 200-WMA level due to whales and miners selling their holdings, following the US Federal Reserve's decision to raise rates. The price remains range-bound between 26,500-27,500, with Fed officials hinting at hawkish views on interest rate hikes.

Goshen's development team has proposed integrating an Ethereum Virtual Machine (EVM) execution layer into the Bitcoin network. This would allow users to interact with EVM smart contracts within the Bitcoin network, resulting in lower dApp transaction fees compared to Ethereum and a more streamlined process of data upload.

Bitcoin and Ether, along with the top 10 non-stablecoin cryptocurrencies, experienced a drop in value during afternoon trading in Asia, except for XRP. However, NFT sales on Bitcoin increased by over 63% in the past 24 hours, driven by the Space Pepes collection.

Bitcoin experienced a significant drop in value over the past 24 hours, reaching its lowest price in a week. Other altcoins have also seen minor declines, with Lido DAO's token experiencing the biggest drop at over 6%.