Bitcoin’s price performance continues to be quite underwhelming, but the asset managed to sustain above $29,000 at least.
The altcoins are also slightly in the green, with gains of up to 2% from the likes of DOGE and SOL. SHIB has jumped the most from the top 20.
It’s safe to say that there have been more exciting times in the crypto ecosystem when it comes down to price performances. Bitcoin started the week with a nosedive that drove it from over $30,000 to a monthly low of just under $29,000.
The bulls intervened at this point and pushed the asset to just above that line. The next several days saw little-to-no movements, and even the US Fed’s interest rate hike on Wednesday failed to deliver enhanced volatility as they did in the past.
Aside from a few hundred dollar pumps and dumps, BTC spent the whole business week in a tight range between $29,000 and $29,500. Its market capitalization has remained below $570 billion, but its dominance over the altcoins has taken another slight hit and is down to 48.1% on CMC.
Although more volatile by nature, the alternative coins have also failed to produce any major moves in either direction in the past several days. The charts since yesterday, though, seem a bit more positive, with minor gains.
Ethereum and XRP have added less than 0.5% on a daily scale and trade above $1,870 and $0.7, respectively. Dogecoin and Solana have jumped by just over 1% to $0.078 and $25. Tron, MATIC, and Polkadot are also slightly in the green, while BNB, ADA, and LTC have charted insignificant losses.
Shiba Inu has increased the most from the larger-cap alts following the release of the Shibarium beta version. Quant follows suit from the top 36, with a 7.5% daily surge.
The total crypto market cap has remained relatively still at just over $1.180 trillion.
