Bone ShibaSwap Enters Top 100 After 50% Weekly Surge, BTC Stalls at $30K: Weekend Watch

9 July 2023

in DOT

Reading Time: 3 mins read

Similar to previous weekends, bitcoin has calmed and failed to produce any substantial volatility in either direction during the weekend as the trading volumes have declined.

Most altcoins are with insignificant daily increases and decreases, aside from BONE, INJ, and SHIB.

BTC Stalls at $30K

After the previous calm weekend, bitcoin finally went on the offensive on Tuesday but was stopped in its tracks at just over $31,000. The subsequent rejection drove it south down to $30,200, but the bulls stepped up on the gas once more on Thursday.

This time, they managed to propel a more impressive price surge that drove BTC to $31,500, which became its highest price tag in over a year. Yet, the cryptocurrency failed there and fell even harder, this time to under $30,000.

It managed to bounce off ahead of the weekend and reclaimed the coveted round-numbered milestone of $30,000. With the declining trading volumes on Saturday and Sunday, the asset has remained just inches above that level as of now.

Its market capitalization is just shy of $590 billion, and its dominance over the altcoins has remained the same over the past 48 hours at 49.9% on CMC.

BTCUSD. Source: TradingView

BONE Enters Top 100

Shiba Inu’s flagship cryptocurrency has jumped the most from the top 50 altcoins, having gained 4% on a daily scale. However, it’s not just SHIB. Another token from the project’s ecosystem – Bone ShibaSwap – has soared by 6% in a day and 50% weekly. As a result, BONE has entered the top 100 largest alts by market cap.

AVAX, TRX, ETH, DOGE, ADA, and XRP are also slightly in the green from the larger-cap altcoins, while BNB, SOL, DOT, BCH, and LTC have posted minor price drops.

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Aave has declined the most (-6%), while INJ has added 5% and trades well above $8.

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The total crypto market cap stands still during the weekend at just over $1.180 trillion.

Cryptocurrency Market Overview. Source: Quantify Crypto

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Cryptocurrency charts by TradingView.

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