With lower volumes over the weekend, bitcoin has stalled around $30,000 but is still above that level.
Most altcoins are also sitting quietly, with ETH at $2,100. However, the Institute of Angers skyrocketed on a weekly basis.
BTC stops at $30,000
The past week has been eventful for the major cryptocurrency, despite its slow start. BTC stayed at $28,000 on Monday, similar to the previous weekend, but the landscape started to change as the day progressed.
The bulls started a move that sent BTC up to $29,000. Unlike previous attempts to conquer this level, this level was successful, and bitcoin rose above $30,000 for the first time since June 2022. Then came the US CPI announcement, which sent the asset back to $30,500.
However, this did not last long, and BTC rebounded by $500 in a matter of minutes. Another price rally occurred on Friday when bitcoin jumped above $31,000 just an inch to mark a new ten-month peak.
The next two days were quieter, with BTC staying in a tight range between $30,000 and $30,500. Its market capitalization is still less than $600 billion, while its dominance over altcoins is 46.1%.
INJ weekly gains
Most of the cryptocurrencies also posted impressive gains during the week but have now calmed down. Ethereum was on top after the successful completion of the Shapella update. ETH was trading at $1,900 at the time and rose past $2,100 to hit an 11-month high. Despite being a bit in the red right now, ETH is still trading around that level.
The rest of the larger cover panels also sit quietly. Binance Coin, Ripple, Cardano, Dogecoin, MATIC, Solana, Polkadot, and Litecoin are also slightly red or with slight gains.
Shiba Inu has jumped more than the 10 largest cryptocurrencies. SHIB stock is up more than 3% and is sitting at $0.000012.
Syringe has gained nearly 10% in the past 24 hours and nearly 60% on a weekly basis. As a result, INJ is trading above $8.5.
The cumulative market capitalization of all crypto assets remained the same as it was yesterday at just under $1.3 trillion on CMC.
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Cryptocurrency charts by TradingView.