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As in previous weekends, bitcoin has been quiet and failed to generate any significant volatility in either direction during the weekend as trading volumes declined.
Except for BONE, INJ, and SHIB, most of the altcoins are with minor daily gains and losses.
BTC stalls at $30K
After a previous quiet weekend, bitcoin finally turned on the offensive on Tuesday, but held on just above $31,000. The subsequent rejection took it down to $30,200, but the bulls once again stepped on the gas on Thursday.
This time, they managed to fuel a more impressive price increase that took BTC to $31,500, becoming its highest price tag in more than a year. Nevertheless, the cryptocurrency failed there and fell even further, this time below $30,000.
It managed to bounce back before the weekend and reclaimed the coveted $30,000 round-number milestone. The asset has remained only inches above that level so far, with trading volumes falling on Saturday and Sunday.
Its market capitalization is just under $590 billion, and its dominance over altcoins has remained the same at 49.9% on CMC over the past 48 hours.
Bone enters the top 100
The Shiba Inu’s flagship cryptocurrency has seen the biggest jump among the top 50 altcoins, with a 4% increase on the daily scale. However, it’s not just SHIB. Another token from the project’s ecosystem – BON Shibaswap – has gained 6% in a day and 50% on a weekly basis. As a result, BONE has entered the top 100 largest stocks by market cap.
AVAX, TRX, ETH, DOGE, ADA, and XRP are also slightly in the green among large-cap altcoins, while BNB, SOL, DOT, BCH, and LTC have posted minor losses in price.
Aave declined the most (-6%), while INJ gained 5% and is trading above $8.
The total crypto market cap still held steady at over $1.180 trillion during the weekend.
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cryptocurrency chart by Tradingview.
