Aside from a short-term bomb and throw around $500 yesterday, bitcoin has remained relatively stagnant at just under $27,000.
Although generally more volatile in nature, altcoins also failed to make any significant moves in the previous day. The injective is one of the few exceptions.
Bitcoin Stalls Below $27K
After the enhanced volatility at the end of last week, which resulted in BTC dumping to a two-month low of less than $26,000, the cryptocurrency trading with a lot of smaller fluctuations. Last weekend was much calmer as the asset recovered some losses and cost it around $27,000.
Monday saw a price jump over $27,600, but that didn’t last long. A day ago, bitcoin dropped by one grand. However, it started another leg-up which was stopped at $27,500. This time, the rejection was more violent and pushed the asset south to below $26,400.
The bulls stopped the move and did not allow any further resistance. They regained some ground and bitcoin returned to the familiar ground of around $27,000 once again. It briefly pumped and tossed yesterday but generally remained stuck in its current position.
Thus, its market cap still stands at $520 billion, and its dominance among alts is at 46.3%.
INJ Shoot Up 20% every week
Like bitcoin, most altcoins also remain static on a daily basis. ETH was close to dropping below $1,800 yesterday, but it managed to defend that level and is now sitting inches above it.
Binance Coin dropped below $310 after a minor daily decline. Dogecoin, Polygon, Polkadot, Ripple, Shiba Inu, and Avalanche are also slightly in the red.
Cardano, Solana, and Litecoin are down a bit today, with losses of up to 2%.
In contrast, AGIX entered the top 100 after a massive 15% daily surge. KAVA and INJ follow in terms of daily profit – 7% each. In addition, INJ has increased by 20% in the last seven days.
The total crypto market cap, however, is stuck at over $1.120 trillion in CMC.
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