BTC recovers $27K while LDO and LTC gain 8% on the day (Market Watch)

After several painful days in which BTC fell below $26,000 to a new two-month low, the asset rallied and recovered to $27,000 earlier today.

Several altcoins including LTC, LDO, TONCOIN, APT, BCH and GRT have outperformed Bitcoin in the past days.

BTC Back Above $27K

It was less than a week ago that bitcoin hit a multi-day high of $28,400 after the US CPI numbers for April came out. However, that pump was short-lived and was followed by a severe rejection that sent the asset down by $1,500.

The price volatility was far from over, and BTC made another attempt to drop as low as $28,000, only to be rejected once again. This time the drop in prices was more subtle but violent.

This culminated on Friday when the cryptocurrency dropped to $25,800 for the first time in two months. The bulls finally came out of their hiding grounds at this point and made an impressive leg move that sent bitcoin back up to $27,000.

The weekend was somewhat less eventful, and BTC failed to reclaim that level earlier. However, that finally happened on Sunday evening, and the asset is currently trading near $27,500. As such, its market cap has moved above $530 billion, and its dominance over alts has increased slightly to 46.5%.

LTC, LDO come to the main stage

Most of the altcoins also sat quietly during the weekend, probably due to low trading volumes. However, now the scenario has changed for many. Ethereum, Binance Coin, Ripple, Cardano, Dogecoin, Solana, and Matic are all in the green on the daily scale.

More enjoyable gains, however, come from the likes of TONCOIN, APT, BCH, and GRT – all of which are up around 5-6%.

Litecoin and Lido DAO have emerged as the top performers today as both have gained 8% or a little more. As a result, LTC is trading near $90 while LDO is above $2.

The total crypto market cap has increased by about $20 billion per day and is now close to $1.150 trillion.