Bitcoin’s price has settled at around $27,000 after dipping below that level on a few occasions during the working week.
Most altcoins are also quiet today, aside from Tron, which has skyrocketed by double digits.
BTC Calm at $27K
Although Monday started on a highly positive note, after the US government’s debt ceiling deal and BTC skyrocketed to a two-week high at $28,500, the week didn’t turn out all that well for the asset.
It was rejected there, which brought it back down to $28,000 at first. However, a one-grand price dump followed, which pushed it south to $27,000. The following two days delivered a few more price dips, the second of which took BTC to a weekly low of $26,500 on Friday.
Nevertheless, BTC managed to bounce off rather rapidly and reclaimed $27,000 by the end of the day. It has remained relatively still since then and currently sits inches above that line.
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As such, the cryptocurrency’s market capitalization has remained at the same level as yesterday – just over $525 billion. Its dominance over the alts, though, has taken another minor hit and is down under 46%.
TRX Steals the Spotlight
The altcoins have also calmed on a 24-hour scale, similar to bitcoin. Ethereum went on a trip south of $1,900 during the week but has managed to reclaim that level after a few consecutive minor daily increases.
Ripple and Cardano have jumped by around 1-2% in the past 24 hours, while DOGE, SOL, LTC, and DOT are up by under 1%.
Tron, on the other hand, has taken the spotlight with a massive 10% daily surge. As a result, TRX trades at almost $0.085.
Lido DAO’s native token has also jumped by an impressive percentage – 5%. Consequently, LDO has neared $2.3.
The total crypto market cap has added around $10 billion in a day and is close to $1.150 trillion.
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Cryptocurrency charts by TradingView.
