Bitcoin has calmed down after Friday’s roller coaster that sent it up and down over a thousand dollars and is still relatively stable at $30,500.
Altcoins are also less volatile today, as they usually are during the weekends, with SOL emerging as the biggest gainer from the big caps.
BTC is over $30,000
Bitcoin was torn apart last week when it jumped from $26,500 to more than $31,000 to hit a new multi-month high. The bears tried to intervene but were only able to stop the BTC price rally, and the asset has been stuck in a $30k-$31k range for the past seven days or so.
That all changed on Friday after reports that the SEC may reject the latest Bitcoin Spot ETF applications submitted by the likes of BlackRock, Fidelity, and others because they lack critical information.
BTC reacted with an immediate decline that took it from over $31,000 to a 10-day low of $29,500 (on Bitstamp). However, the bulls rallied and pushed the cryptocurrency north shortly after, leading it to recover to $30,500 on Saturday.
The past 24 hours have been completely uneventful, with the assets still around that time. As such, its market capitalization remains just under $600 billion, and its dominance over altcoins is just shy of 50%.
SOL Eyes $20
Altcoins have also seen impressive price increases over the past few weeks, with some standing out more than others. Such was the case with Bitcoin Cash which exploded by more than 100% weekly at one point and hit a 14-month high above $320 earlier this week.
The situation with LTC was similar yesterday as it also had a fresh 14-month high of over $110. However, the landscape is less volatile now, with LTC, DOGE, ETH, TRX, DOT, BCH, and SHIB charting for minor losses.
In contrast, XRP rose nearly 3% but remains below $0.5, and SOL jumped nearly 5% to over $19.
The total cryptocurrency market cap added less than $10 billion per day, but managed to cash in $1.2 trillion on CMC.
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Cryptocurrency charts by TradingView.
