BTC Stable Above $26K as XRP, LTC, ARB Jump 3% (Market Watch)

After breaking through a 13-day low yesterday, bitcoin reacted well and recovered almost $600 in the following hours.

Most altcoins are also slightly in the green on a daily basis, including ETH, MATIC, XRP, and LTC. LDO, on the other hand, fell below $2.

BTC Remains Above $26K

The main cryptocurrency stands in a tight range, as confirmed by Glassnode recently, that it trades usually at $27,000. It tried its hand at removing it a few times but stopped at $27,500.

The latest rejection came on Wednesday and brought the asset south hard. First, BTC dropped below $27,000, but the bears advanced further yesterday. This led to a drop to $25,900, which became the lowest position for the price of bitcoin in almost two weeks.

The bulls have finally made their presence felt at this point and are starting to help bitcoin regain some of its lost value. Initially, they pushed it to over $26,000 and later pushed another minor leg which resulted in BTC jumping to its current value of $26,500.

The cryptocurrency rose by 1% in one day, and its market cap rose above $510 billion. Its dominance among alts sits, however, at 46.2%.

LTC, XRP, ARB Up 3-4%

Altcoins also suffered yesterday, but most made small gains today. ETH dropped below $1,800 for the first time in weeks, but a 2% advance since then has pushed it above the current level.

Cardano, Dogecoin, Solana, and Shiba Inu are also slightly in the green. Ripple, MATIC, and Litecoin jumped somewhere between 2.5% and 4% in the last 24 hours. Arbitrum also increased by a similar percentage.

Lido’s native token DAO, however, fell for the second day in a row and is now trading below $2.

Overall, the crypto market cap managed to protect the $1.1 trillion level and added $15 billion per day.