Unlike some of the previous weekends since the start of the year, this one has been rather calm for bitcoin, which remains slightly above ,000. Some altcoins, though, have performed more impressively, including OKB and a few memecoins. SHIB, BabyDoge Skyrocket CryptoPotato reported yesterday Shiba Inu’s massive daily increase of over 10%. However, the second-largest memecoin is well in the green once again on a daily scale. SHIB is up by another 7.5%, while its weekly gains are almost 30%, making it one of the best performers for the past seven days. Among the few alts that have done better is another memecoin – BabyDoge Coin. The Dogecoin spin-off has soared by roughly 150% within the same timeframe. OKX’s native cryptocurrency has soared by almost 7% in the past 24
Topics:
Jordan Lyanchev considers the following as important: featured1, Market Updates, social
This could be interesting, too:
Mandy Williams writes Here’s How Bitcoin Over-the-counter Availability Can Affect BTC Price (CryptoQuant)
Mandy Williams writes Retail Bitcoin Investors Are Lagging: Here’s What it Means According to CryptoQuant
Jordan Lyanchev writes These Altcoins Dumped the Most as Bitcoin (BTC) Slumped to .5K (Weekend Watch)
Jordan Lyanchev writes ETF Recap: Bitcoin Funds Register Best Inflow Week Since March
Unlike some of the previous weekends since the start of the year, this one has been rather calm for bitcoin, which remains slightly above $23,000.
Some altcoins, though, have performed more impressively, including OKB and a few memecoins.
SHIB, BabyDoge Skyrocket
CryptoPotato reported yesterday Shiba Inu’s massive daily increase of over 10%. However, the second-largest memecoin is well in the green once again on a daily scale. SHIB is up by another 7.5%, while its weekly gains are almost 30%, making it one of the best performers for the past seven days.
Among the few alts that have done better is another memecoin – BabyDoge Coin. The Dogecoin spin-off has soared by roughly 150% within the same timeframe.
OKX’s native cryptocurrency has soared by almost 7% in the past 24 hours and has tapped another high at nearly $45. Ethereum, Binance Coin, Ripple, Cardano, Dogecoin, and MATIC are also slightly in the red from the larger-cap alts.
Solana, Polkadot, and Avalanche, in contrast, have registered minor daily declines.
The total crypto market cap has added a few billion in a day and sits close to $1.1 trillion on CMC.
Bitcoin Calm Above $23K
The primary cryptocurrency experienced some enhanced volatility at the start of the month after the US Federal Reserve announced raising the key interest rates by 25 basis points once again.
At first, the asset remained calm around $23,000. However, it dipped a few hundred dollars hours later before it shot up by over $1,500 and tapped a new five-month high well above $24,000.
The bears intercepted the move at this point and pushed the asset south. As a result, BTC slipped by around $1,000 and has calmed at around $23,300 since then.
Its market capitalization is still approximately $450 billion, while its dominance over the alts is down to 41.5% as several alts have surged notably in the past week or so.
