Bitcoin surged above $27,500 but failed to reach $28,000 once again.
Most altcoins are showing a slight decrease in value, with LDO, LTC, and TRX being among the few exceptions.
BTC maintains position above $27K
Last week, the US CPI announcement on Wednesday resulted in an increase in volatility, resulting in a significant drop in bitcoin’s price that culminated on Friday. The asset reached a two-month low of $25,800, having lost over $2,000 in just two days. However, the bulls took over and pushed BTC up to $27,000 by Monday, and it quickly reclaimed $1,000 more.
Bitcoin soared to just over $27,600, but this was short-lived and it has since returned to just over $27,000.
As a result, its market capitalization has fallen below $530 billion, while its dominance over altcoins remains at 46.6%.
LDO continues to rise
As we reported yesterday, Lido DAO’s native token was performing well, having reached $2 with an 8% increase. LDO has continued to impress in the last 24 hours, with another 4% increase after the project announced the launch of its V2, which you can learn more about here.
Litecoin, Tron, Chainlink, VET, APE, and Algo are among the larger and mid-cap altcoins with small daily gains. However, the rest of the top 36 are in the red.
These include ETH, BNB, XRP, ADA, DOGE, SOL, MATIC, DOT, SHIB, and AVAX, all of which have declined by up to 2% daily.
The total crypto market cap has shed roughly $10 billion daily and is now at $1.130 trillion.