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Bitcoin continues to remain sideways and has remained virtually unchanged over the past 24 hours.
Most altcoins have made slightly more impressive gains within the same time frame, with ETH nearing $2,000 and DOT jumping nearly 5%.
bitcoin calms down
Bitcoin posted impressive gains two weeks ago when it soared above $31,000 for the first time in months after BlackRock applied to launch a spot BTC ETF. After gaining over $4,000 in a matter of days, the cryptocurrency calmed down and spent most of the past week trading in a range between $30,000 and $31,000.
It hit a 10-day low of $29,500 on Friday after reports that the SEC issued a warning against all recent spot BTC filings. However, the Bulls stopped the move and allowed no further losses.
In sharp contrast, bitcoin made a huge jump and went back up to $30,500. The weekend was relatively less eventful as BTC remained stuck around the same level.
So far, Monday doesn’t seem that much different, with the asset once again sitting around the same line. As a result, its market cap has remained below $600 billion, while its dominance over alts has suffered another blow, falling to 49.2% on CMC. This means that the metric has declined by 1% in just a few days.
FIL, GRT come to the main stage
Ethereum has jumped 2.5% over the past 24 hours, helping it inch closer to the coveted $2,000 line. Binance Coin is nearing $250 after a 1.5% increase within the same time frame.
Ripple, Cardano, Dogecoin. Litecoin, Solanna, Tron and Bitcoin Cash are also slightly in the green. Polkadot, Polygon and Avalanche have added more value with gains of up to 5% each over the past day.
However, the biggest gainers on the daily scale are Filecoin and The GraphQL. FIL is up 16% to over $4.5, while GRT is up over 25% to $0.13.
Thus, the total crypto market cap has managed to add an additional $10 billion in a day and is now above $1.210 trillion on the CMC.
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cryptocurrency chart by Tradingview.
