Bitcoin continued to trade sideways and was stopped before coming close to challenging $20,000. The altcoins are in a similar position, with very few notable movements in either direction.
Bitcoin Stuck Below $20K
Last last week, which was also the end of BTC’s horrific Q2, delivered a lot more volatility than the past several days. At the time, the cryptocurrency was sliding hard and dropped to a 10-day low of under $18,800.
However, the bulls briefly took control over the market at this point and pushed the asset north. In a matter of minutes, bitcoin found itself trading almost $2,000 higher (close to $21,000).
Nevertheless, the predominantly bearish market sentiment continued, and BTC dropped below $20,000 shortly after. It retraced to around $19,000, where it spent most of the weekend as well.
The only exception came yesterday when BTC spiked to $19,600 but was quickly stopped and is back to a familiar ground now. As such, its market cap is still around $365 billion, and its dominance over the alts is again at 42.2%.
Altcoins Stand Still
Similar to BTC, most of the altcoins are untypically stable and have been so for days. Ethereum, for example, continues to trade at around $1,050. Until the start of the weekend, ETH was close to breaking below $1,000, and before that stood above $1,100.
BNB is still just under $220, ADA is at $0.45, and MATIC is down by 4% on a daily scale. In contrast, Ripple, Solana, Dogecoin, Polkadot, and Shiba Inu have marked insignificant gains.
TRON has surged the most (4.3%) in a day and trades north of $0.065. LEO is up by almost 3% and is close to $6. From the lower- and mid-cap alts, The Sandbox has seen the most impressive increase of 5%.
The cumulative market cap of all crypto assets has also remained stagnant at just over $850 billion.
- 000
- 100
- a
- ADA
- All
- Altcoins
- around
- asset
- Assets
- bearish
- before
- below
- Billion
- Bitcoin
- BTC
- BTCUSD
- Bulls
- challenging
- coming
- continues
- control
- crypto
- Crypto Markets
- crypto-assets
- cryptocurrency
- cryptocurrency market
- daily
- day
- Days
- delivered
- Dogecoin
- down
- dropped
- ETH
- ethereum
- example
- familiar
- found
- from
- higher
- HTTPS
- impressive
- Increase
- IT
- itself
- Market
- Market Cap
- Markets
- Matic
- Matter
- more
- most
- North
- notable
- Point
- Polkadot
- position
- predominantly
- pushed
- quickly
- remained
- Ripple
- sandbox
- Scale
- sentiment
- several
- Shiba Inu
- similar
- So
- Solana
- stand
- start
- Still
- The
- time
- trade
- trades
- Trading
- under
- Volatility
- Watch
- week
- weekend