Similar to previous weekends, bitcoin calmed down and did not produce substantial volatility in either direction over the weekend as trading volumes declined.
Most altcoins experience insignificant daily increases and decreases, except for BONE, INJ, and SHIB.
BTC Spreads at $30,000
After the previous quiet weekend, bitcoin finally went on the offensive on Tuesday but was stopped dead at just over $31,000. The subsequent rejection took it down to $30,200, but the bulls accelerated the gas again on Thursday.
This time, they managed to propel a more impressive price surge that drove BTC to $31,500, which became its highest price in over a year. Yet the cryptocurrency failed there and fell even harder, this time below $30,000.
He managed to bounce back before the weekend and grabbed the coveted $30,000 milestone. With declining trading volumes on Saturday and Sunday, the asset has remained a few inches above this level for the time being.
Its market capitalization is just under $590 billion and its altcoin dominance has remained the same over the past 48 hours at 49.9% on CMC.
BONE enters the Top 100
The flagship cryptocurrency Shiba Inu jumped the most among the top 50 altcoins, having gained 4% on a daily scale. However, it’s not just SHIB. Another token in the project’s ecosystem – Bone ShibaSwap – soared 6% in one day and 50% in the week. As a result, BONE entered the top 100 largest alts by market capitalization.
AVAX, TRX, ETH, DOGE, ADA, and XRP are also slightly in the green against larger-cap altcoins, while BNB, SOL, DOT, BCH, and LTC posted minor price declines.
Aave was down the most (-6%), while INJ added 5% and is trading well above $8.
The total crypto market capitalization stopped over the weekend at just over $1.180 trillion.
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