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Aside from a brief surge and subsequent drop of approximately $500 yesterday, bitcoin has remained largely unchanged at just below $27,000.
While typically more volatile, altcoins have also not shown any notable movements in the last 24 hours, with Injective being one of the few exceptions.
Bitcoin Remains Below $27K
Following the heightened volatility at the end of last week, which saw BTC plummet to a two-month low of under $26,000, the cryptocurrency has been trading with significantly fewer fluctuations. The previous weekend was mostly quieter as the asset recouped some losses and hovered around $27,000.
On Monday, there was a price increase to just above $27,600, but this was short-lived. The following day, bitcoin fell by over $1,000. Nevertheless, it initiated another upward movement that was halted at $27,500. This rejection was even more pronounced, driving the asset down to below $26,400.
The bulls intervened to prevent any further declines. They regained some ground, and bitcoin returned to familiar territory at approximately $27,000 once more. It experienced a brief pump and dump yesterday but has overall remained at its current level.
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Consequently, its market capitalization remains at $520 billion, with its dominance over altcoins at 46.3%.
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BTCUSD. Source: TradingView
INJ Rises 20% Weekly
Like bitcoin, most altcoins have also remained stagnant on a daily basis. ETH was close to falling below $1,800 yesterday, but it has managed to hold that level and currently sits just above it.
Binance Coin has dipped below $310 following a minor daily decline. Dogecoin, Polygon, Polkadot, Ripple, Shiba Inu, and Avalanche are also slightly down.
Cardano, Solana, and Litecoin have experienced slightly larger declines today, with losses reaching up to 2%.
In contrast, AGIX has entered the top 100 after a significant 15% daily increase. KAVA and INJ follow closely in terms of daily gains, each up by 7%. Additionally, INJ has risen by 20% over the past week.
However, the total cryptocurrency market capitalization remains just above $1.120 trillion on CMC.
Cryptocurrency Market Overview. Source: Quantify Crypto
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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.
Cryptocurrency charts by TradingView.
