Bitcoin’s price has remained untypically calm since yesterday and sits around $63,000. Most larger-cap altcoins have also failed to produce any significant gains, but Fantom has surged by 15% in a day to $3.4.
After retracing from last week’s all-time high at $67,000, bitcoin lost more than $7,000 in days and dumped below $60,000 several times. The last such drop came during the weekend when the cryptocurrency reached a weekly bottom of $59,400 (on Bitstamp).
The landscape quickly changed in the following hours, as CryptoPotato reported. Bitcoin bounced off, reclaimed $60,000 almost immediately, and kept climbing.
As a result, BTC peaked above $63,500 but failed to continue upwards. Instead, it lost over $1,500 and dipped to $62,000. As of now, it has recovered about a grand and stands around $63,000.
Its market capitalization has remained just shy of $1.2 trillion, while the dominance over the altcoins has declined slightly to 45%.
BTCUSD. Source: TradingView
Most alternative coins also retraced during the weekend but marked minor gains in the past two days. Ethereum fell below $4,000 briefly. However, it has added another 1.5% of value in a day and currently sits well above $4,200.
Binance Coin is close to $500 after a 1% increase since yesterday. Solana painted a new all-time high yesterday above $216 but currently stands at $211.
Cardano, Ripple, Polkadot, and Dogecoin are also slightly in the green. More impressive gains come from Terra (4%), Chainlink (4%), Uniswap (4%), and Avalanche (8%).
Fantom has surged by 15% in a day and has neared $3.4. Secret has entered the top 100 coins following a 33% daily and 84% weekly increase.
Curve DAO Token (21%), NEAR Protocol (18%), Harmony (17%), and ICP (12%) have also seen double-digit price surges in a day.
The cryptocurrency market capitalization is up by $30 billion in a day to $2.630 trillion.
Cryptocurrency Market Overview. Source: Quantify Crypto
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