After charting the latest multi-weekly low at under $26,000, bitcoin has performed better and even neared $27,000 earlier today.
Most alternative coins have also charted minor gains on a daily scale. Render Token emerges as this week’s best performer from the top 100.
BTC to Challenge $27K?
Bitcoin tried its hand at taking down the resistance level at $27,500 a few times this past week but to no avail. The latest rejection came on Tuesday, and it turned out to be a rather violent one.
It first pushed BTC south to just under $27,000 before the bears took complete control of the market and drove the asset further south to a two-week low at $25,900. The bulls finally decided to act at this point, and they prevented any further declines.
Just the opposite, bitcoin started regaining some traction and jumped above $26,000 almost immediately. The past 24 hours brought another minor leg-up that drove the asset to over $26,900. However, the cryptocurrency has been unable to challenge the $27,000 resistance line as of now and sits a few hundred dollars below it.
Thanks for subscribing, you will get your first report in the next hours!
Its market capitalization remains under $520 billion, while its dominance over the altcoins stands still at 46.2%.
RNDR, HT Up Double Digits Weekly
Most altcoins have produced minor gains, similar to bitcoin, in the past 24 hours. Ethereum dipped below $1,800 a few days ago but managed to reclaim that level yesterday. Another slight increase since then has pushed the second-largest crypto to $1,830 as of now.
Dogecoin, Solana, Polkadot, Litecoin, and Shiba Inu are with similar daily gains. Ripple, Cardano, Polygon, and Avalanche have all jumped slightly more – up to 2%.
Looking at the charts on a weekly scale shows that the two most notable gainers are Render Token and Huobi Token. The two are up by 16% and 13%, respectively. In the case of HT, it’s perhaps due to the recent positive news regarding the exchange.
The total crypto market cap has seen a minor increase as well and is up to $1.120 trillion as of now.
SPECIAL OFFER (Sponsored) Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).
PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO50 code to receive up to $7,000 on your deposits.
Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.
Cryptocurrency charts by TradingView.
