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Bitcoin’s price fluctuations remain relatively lackluster, yet the asset has managed to maintain a position just above $27,000.
The altcoins have also experienced slight increases, with SOL and MKR emerging as today’s leading performers.
BTC Above $27K
The previous weekend was not particularly favorable for bitcoin, as the asset traded sideways at $26,600. The beginning of the new week proved to be more challenging. Within a few hours, BTC fell by several hundred dollars, dropping below $26,000.
Nevertheless, the bulls intervened and drove the cryptocurrency upward. This included an unsuccessful attempt to surpass $27,000 on Wednesday, followed by a more successful effort the next day. Indeed, this latter attempt saw BTC rise to a 10-day high of $27,200.
Since that time, the asset has been volatile around the $27,000 mark, dipping below it yesterday but currently trading above it.
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Its market capitalization has increased slightly and is now close to $530 billion. However, its dominance over altcoins has remained steady at just under 49%.
BTCUSD. Source: TradingView
GMX, MKR Stand Out Weekly
Most larger-cap altcoins have recorded minor gains over the past 24 hours. This includes ETH, BNB, XRP, DOGE, TRON, and LTC, all of which have risen by less than 1%. Cardano, Polkadot, MATIC, and Bitcoin Cash have increased by 1-2%.
Solana stands out as the top performer in this group, having surged by 5.5%. Consequently, SOL is trading well above $20. MKR has also risen by a similar percentage on a daily basis, trading above $1,550. In fact, MKR is among the two best performers for the week, having increased by 21% during this period.
The other significant gainer over the same timeframe is GMX – up by 23%, followed by Pepe (17%), Compound (17%), THORChain (15%), LDO (13%), and BCH (13%).
The total market capitalization of all cryptocurrency assets has gained a few billion and is now above $1.080 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.
