Bitcoin has maintained its position just above $29,000 after a volatile mid-week. Altcoins, on the other hand, have remained relatively calm with Solana emerging as the only major gainer.
BTC Maintains $29K
Bitcoin started the past working week trading within a tight range of about $27,500 before the bulls initiated a massive leg-up that pushed the cryptocurrency to $30,000. However, USD government and Mt. Gox wallet rumors caused BTC to slump back down to $27,000. As the news turned out to be fake, bitcoin rebounded and almost reclaimed all its losses, reaching $30,000 before unsuccessful attempts to maintain this price. It still trades above $29,000 and its market capitalization is close to $570 billion, while retaining dominance over the alternative coins by over 47%.
INJ Jumps 17% Weekly
Alternative coins volatility is somewhat similar but Ethereum experienced a crash below $1,800 before bouncing back above $1,900. Binance Coin has also gone down and up but it currently trades above $320. Ripple, Dogecoin, Polkadot, and Tron marked insignificant gains with Solana emerging as the largest gainer with a 3% increase above $23. INJ has seen the most notable gain, surging 17% weekly and trading close to $8.5.
The lack of substantial volatility has kept the total crypto market cap at the $1.2 trillion level in recent days.
