After sitting below $27,000 for several days, bitcoin finally jumped above the level of the past 24 hours but it is not yet determined to get it.
Most altcoins have a small profit on a daily scale, except for the trendy memecoin – PEPE.
Bitcoin Uncertain at $27K
Last week started on a positive note for bitcoin, which jumped to more than $27,600 after a stagnant weekend. However, that didn’t last long, and the asset returned to below $27,000 in a few days. Another price pump followed that brought it back to $27,500, which, once again, stopped it in its tracks.
This time, the rejection was stronger and pushed the cryptocurrency south to a weekly low of $26,400 (on Bitstamp). The bulls tried to contain the move and helped BTC regain some ground.
As such, bitcoin returned to the familiar ground of around $27,000 and stood there for several days. It finally bounced above it hours later but stopped again at $27,300. Despite losing some value since then, BTC still stands inches above $27,000 at the moment.
Its market cap has risen slightly to $525 billion, while its dominance of altcoins is around 46.5%.
PEPE to Rise Again
All eyes in the crypto community have been focused on PEPE for the past month or so, as memecoin has gone from an unknown coin launched in mid-April to a huge trend with the market cap of almost $ 2 billion a few weeks ago.
After making many smart investors millionaires overnight, it was listed on many famous exchanges, including Binance, which became an opportunity to sell the news. PEPE lost some of its momentum, and its market cap dropped by more than a billion in days.
The past 24 hours have been more positive for memecoin, as it has increased by 12% in value and is back inside the top 70 largest cryptocurrencies.
Large-cap alts are also in the green on a daily basis, albeit in a more moderate fashion. ETH, BNB, XRP, ADA, MATIC, SOL, LTC, DOT, and TRX all jumped up to 2% in one day.
The total crypto market cap added about $10 billion per day and sits at $1.130 trillion.
Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% discount on Binance Futures fees first month (terms).
PrimeXBT Special Offer: Use this link to register and enter the code CRYPTOPOTATO50 to receive $7,000 on your deposits.
Disclaimer: The information found on CryptoPotato is that of the authors cited. It does not represent the opinions of CryptoPotato when buying, selling, or holding any investment. You are advised to do your own research before making any investment decisions. Use the information provided at your own risk. See the Disclaimer for more information.
Cryptocurrency charts by TradingView.