Bitcoin price stabilized at around $27,000 after dropping below that level a few times during the work week.
Most altcoins are also quiet today, with the exception of Tron, which soared into double digits.
BTC calm at $27,000
Although Monday started off on a very positive note, after the US government debt ceiling agreement and BTC hit a two-week high of $28,500, the week didn’t go too well. for the asset.
It was rejected there, bringing it down to $28,000 initially. However, a big price drop followed, pushing it south to $27,000. The next two days saw a few more price drops, the second of which took BTC to a weekly low of $26,500 on Friday.
Nevertheless, BTC managed to rebound quite quickly and recovered $27,000 by the end of the day. It has remained relatively still since then and currently sits a few centimeters above that line.
Thus, the market capitalization of the cryptocurrency remained at the same level as yesterday – just over $525 billion. His dominance over alts, however, suffered another minor hit and is below 46%.
TRX steals the show
Altcoins also calmed down on a 24-hour scale, similar to bitcoin. Ethereum made a trip south of $1,900 during the week, but managed to recover that level after a few consecutive minor daily increases.
Ripple and Cardano have jumped around 1-2% in the past 24 hours, while DOGE, SOL, LTC and DOT are up less than 1%.
Tron, on the other hand, took center stage with a massive 10% daily increase. As a result, TRX is trading near $0.085.
The native Lido token DAO also surged by an impressive percentage – 5%. Therefore, LDO approached $2.3.
The total crypto market cap added around $10 billion in a day and is close to $1.150 trillion.
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