After falling below the $21,000 mark on several occasions yesterday, Bitcoin is consolidating around that level today.
Many altcoins are in the green, with EOS being the most notable gainer after a double-digit price rise.
Last week saw the primary cryptocurrency plummet from a multimonth high of more than $25,200 to a low of less than $21,000 over a week. All of this happened in seven days.
The asset traded in a range of $21,000 to $22,000 when weekend arrived. There were no firecrackers at the beginning of this week. Yesterday’s price drop below $21,000 was a common occurrence, but BTC recovered those losses quickly.
The cryptocurrency is now at $21,000, and $500 above it. Its market cap has remained at $400 billion. Its dominance of altcoins has also been reassessed to just above 40%.
BTCUSD. Source: TradingView
EOS steals the show
Although the alternative coins were slightly retraced yesterday, most of them have gone green today.
After a slight price increase, Binance Coin is only inches away from reaching $300 again. Ripple and Shiba Inu are also now in the green.
Avalanche, Polygon and Polkadot have all seen a more than 5% increase in the past 24 hours. EOS, however, is the largest gainer among the mid-cap alts after a huge 21% surge. EOS trades at $1.8.
ATOM is another outstanding performer. The asset has seen a 15% increase in daily trading, taking it to $11.
After adding $30 billion per day, the crypto market cap has remained at $1 trillion.
Cryptocurrency Market Overview. Source: Quantify Crypto
The first CryptoPotato article was “Bitcoin Price Struggles at $21K”, EOS Soars 20 Percent (Market Watch),”
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