Aside from the short pump and dump of around $500 yesterday, bitcoin has been relatively stagnant at just under $27,000.
Although they are more volatile in nature in general, altcoins also failed to produce any significant moves in the past day. Injection is among the few exceptions.
Bitcoin kiosks under $27k
After the boosted volatility last weekend that plunged BTC to a two-month low below $26,000, the cryptocurrency has been trading with much less volatility. This past weekend was mostly quieter as the asset recovered some losses and I spent about $27,000.
Monday saw the price jump to just over $27,600, but that didn’t last long. A day later, Bitcoin fell by more than a thousand dollars. However, another process started, which was stopped at $27,500. This time, the rejection was even more violent and pushed the asset south below $26,400.
The bulls intercepted the movement and did not allow any more dips. They regained some ground and bitcoin is back on familiar ground at around $27,000 again. It was briefly pumped and sunk yesterday but has generally been stuck in its current state.
As such, it still has a market capitalization of $520 billion, and its dominance over alternatives is 46.3%.
INJ Sales Up 20% Weekly
Similar to Bitcoin, most digital currencies have been stagnating on a daily scale. ETH was close to dumping below $1,800 yesterday, but it managed to defend that level and is currently inches above it.
Binance Coin fell below $310 after a slight daily decline. Dogecoin, Polygon, Polkadot, Ripple, Shiba Inu, and Avalanche are also slightly red.
Cardano, Solana, and Litecoin are down a bit more today, with losses of up to 2%.
In contrast, AGIX entered the top 100 after a whopping 15% daily increase. KAVA and INJ follow in terms of daily gains – 7% each. Moreover, the INJ has risen by 20% over the past seven days.
However, the total cryptocurrency market cap is stuck at $1.120 trillion on CMC.
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Cryptocurrency charts by TradingView.
