Bitcoin’s weekend was uneventful, with the asset having settled at $19,000
Altcoins are generally quite calm right now, with only minor daily losses. LUNC on the other side, however, continues to rise after another double-digit increase in price.
Bitcoin Boring at $19K
The week ended quiet for the primary cryptocurrency, which was quite different from the previous. The asset traded at $19,000 last weekend, and that wasn’t much different from the previous week.
The bulls took over and drove it north. BTC reached a 12-day high at $20,400. But, this was temporary as bitcoin plummeted to $19,000 below its previous high.
It bounced back, returned to the familiar level almost immediately and has remained there since. It spiked to $20,000 on Friday, but it was rejected again.
Saturday was boring again, with BTC just inches above $19,000. While its market cap remains at $370 billion and its dominance is at 39.5% over altcoins, it is still worth $3970 billion.
BTCUSD. Source: TradingView
LUNC Steals The Show Again
Altcoins tend to be quite stable on a 24-hour basis, with very small losses. Ethereum is now just 1% lower in a single day but still exceeds $1,300. It is worth noting that ETH has been among the worst performers since the Merge occurred just over two weeks back.
Binance Coin and Cardano are slightly in red. Solana, Dogecoin. Polkadot. Shiba Inu. TRON, MATIC and Ripple have all seen small daily gains.
LUNC is the top performer among the mid-cap alts. Terra Classic has seen a 20% increase in trading volume per day, and more than 50% weekly, thanks to Do Kwon’s claims.
However, the total crypto market cap is still $935 billion, with most alts remaining quiet today.
Cryptocurrency Market Overview. Source: Quantify Crypto
CryptoPotato’s Weekend Watch: Terra Classic (LUNC), Soars 20% appeared as a first on CryptoPotato.
Marla Brooks – Financial Analysis
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