Bitcoin went through a volatile end of the week in which it posted a new 13-month high before it slipped under ,000 but has managed to defend that level. The altcoins are calmer on a daily scale, aside from SOL, AVAX, LEO, ARB, and a few others, which have added some value. BTC Defends K The past weekend was quite uneventful, even though BTC went through a rollercoaster that drove it from ,000 to ,500 and back up to ,500 in a matter of hours on Friday. Saturday and Sunday, though, were calm, with BTC remaining at just over ,000. It wasn’t until early Tuesday morning when the landscape changed, and BTC pushed above ,000 once again. It was rejected there, but the bulls went on the offensive once again on Thursday, and this time, they managed to drive
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Bitcoin went through a volatile end of the week in which it posted a new 13-month high before it slipped under $30,000 but has managed to defend that level.
The altcoins are calmer on a daily scale, aside from SOL, AVAX, LEO, ARB, and a few others, which have added some value.
BTC Defends $30K
The past weekend was quite uneventful, even though BTC went through a rollercoaster that drove it from $31,000 to $29,500 and back up to $30,500 in a matter of hours on Friday. Saturday and Sunday, though, were calm, with BTC remaining at just over $30,000.
It wasn’t until early Tuesday morning when the landscape changed, and BTC pushed above $31,000 once again. It was rejected there, but the bulls went on the offensive once again on Thursday, and this time, they managed to drive bitcoin north to $31,500 (on Bitstamp) for the first time in 13 months.
However, the asset failed there again and plummeted to $29,700 by Friday morning. Nevertheless, it bounced off and reclaimed the coveted $30,000 in the following hours and has remained just above that line since then.
Its market capitalization still stands at $585 billion, and its dominance over the alternative coins is just shy of 50%.
SOL, AVAX on the Rise
The altcoins also experienced enhanced volatility in the past few days, but most have calmed on a daily scale. Ethereum had neared $2,000 at one point but was sharply rejected yesterday and currently stands roughly $150 away from that level.
Binance Coin, Ripple, Cardano, Dogecoin, Litecoin, Tron, Polkadot, and Polygon are slightly in the green from the larger-cap alts.
Avalanche and Solana have stolen the show with gains of 7.5% and 13%, respectively. As a result, AVAX stands above $13, while SOL is north of $22.
Overall, the cumulative market cap of all crypto assets has managed to reclaim just over $10 billion in a day and sits above $1.8 trillion. Recall that the metric dumped by $50 billion yesterday alone.
