After the recent price pumps and new multi-month highs, bitcoin has lost some traction but still remains north of $30,000.
Most altcoins are also slightly in the red today, with ETH sliding beneath $2,100. OKB, on the other hand, has exploded by double digits and neared its previous ATH.
The working week began with little-to-no movements, similar to the previous weekend, and BTC was stuck around $28,000. However, that all changed as Monday came to an end. The cryptocurrency started gaining value rapidly, spiking above $29,000 before climbing to $30,000 for the first time since June 2022.
The price surge resulted in tapping $30,500 to chart a ten-month high. The CPI data announced on Wednesday resulted in more volatility, with BTC pumping and dumping by $500 in hours.
The last price surge came on Friday when bitcoin skyrocketed to just over $31,000 to chart yet another ten-month high. However, it failed there and retraced by a grand in the following hours.
Since then, BTC has recovered some ground and now stands around $30,500. Its market capitalization has remained close to $590 billion, while its dominance over the altcoins is at 46.3%.
Ethereum was among the best performers in the past few days, especially after the completion of the Shapella update. ETH went from $1,900 to over $2,100 to mark an 11-month high. In the past 24 hours, though, ETH has lost some ground and now stands inches below $2,100.
Binance Coin, Ripple, Dogecoin, Polygon, Solana, Polkadot, Litecoin, and Shiba Inu are also slightly in the red.
In contrast, ARB has jumped by 8% in the past 24 hours, which only solidified yesterday’s massive pump. Nevertheless, OKB is the best performer among the top 50 altcoins. The asset has exploded by 16% and smashed through $50 for the first time in about two months.
The total crypto market cap has slid by $15 billion in a day and is down to $1.270 trillion.
