The price of bitcoin has remained stable above $29,000 in the past few days of April without significant price movements.
Trading volumes for altcoins have disappeared during the weekend leading to calmness in the market. However, BTC’s dominance has risen by over 1% on a weekly scale.
BTC Maintains $29K During Weekend
The absence of volatility during the weekend is similar to the previous one, except for BTC’s highest price point. Last Monday, BTC jumped to $28,000, but the asset returned to $27,000 briefly. BTC rebounded later on Tuesday and reached $30,000, then experienced a sharp fall to $3,000 following fake news. The US banking crisis pushed the asset back up, and though bitcoin almost reached $30,000, it remained relatively stable at over $29,000 for the past two days.
BTC’s market cap stands at $570 billion, and its dominance over altcoins has recovered by over 1% since last week, currently above 47%.
Alts Sit Calmly
Trading volumes for most alternative coins remain low during the weekend, and as a result, there are no notable price movements in either direction.
ETH is stable at $1,900 after fluctuating between $2,000 and under $1,800 earlier in the week. Binance Coin, Ripple, Cardano, Polygon, Shiba Inu, and Avalanche have slightly declined. However, Dogecoin, Solana, Polkadot, Litecoin, and Tron have experienced insignificant daily gains.
Except for HBAR, which experienced a 4.5% daily increase, other lower cap altcoins remain quiet, resulting in no changes to the total market cap, currently standing above $1.2 trillion.
