source : cryptopotato.comhttps://cryptopotato.com/wp-content/uploads/2021/10/BitcoinCover.jpg
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.
Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).
PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to receive up to $7,000 on your deposits.
Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.
Cryptocurrency charts by TradingView.