Bitcoin stuck over the weekend amid low but still volumes above $27,000.
Altcoins are also quiet on a daily scale, but many of them – such as LDO, INJ, and QNT, have posted huge weekly gains.
BTC flat at $27,000
That was less than a week ago, on Monday, when the major cryptocurrency started a massive rally that took advantage of a three-week high of $28,500. This came after the initial agreement reached by the US government regarding the country’s debt ceiling.
However, the asset failed to continue its climb and returned to $28,000 by Tuesday. There was a big price drop of $1,000 on Wednesday, which was imitated by a similar drop the next day. Finally, BTC fell to a weekly low on Friday morning below $26,600.
The bulls were able to intercept the move and helped Bitcoin recover some losses by the end of the week. The past two days have been rather quiet, with the cryptocurrency stuck at just over $27,000 amid typically lower trading volumes on the weekend.
Thus, the total capitalization of BTC is still $ 525 billion, and its dominance over altcoins is in the same place as yesterday – 45.9%.
Record weekly gains for LDO, INJ and QNT
The high-cap cryptocurrency mimics BTC’s performance over the weekend, which means there is little to no volatile moves. Despite the slight daily setback, ETH is still standing at $1,900 precisely after dropping below and above this level during the week.
Binance Coin, Ripple, Dogecoin, Polygon, Litecoin, Shiba Inu, and Avalanche have all added less than 1% in the past 24 hours. ADA, SOL, and DOT were all up between 1-2%.
Yesterday’s top performer – TRON – had a hard dump today of almost 5%. Looking at the charts on a weekly basis provides a different picture of many alternatives. Lido DAO, Injective and Quant are up more than 15% over the past seven days.
In total, though, the cryptocurrency market cap has remained relatively sluggish in the past two days and stands near $1.150 trillion.
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Cryptocurrency charts by TradingView.
