Bitcoin went through a volatile end of the week in which it posted a new 13-month high before it slipped under $30,000 but has managed to defend that level.
The altcoins are calmer on a daily scale, aside from SOL, AVAX, LEO, ARB, and a few others, which have added some value.
BTC Defends $30K
The past weekend was quite uneventful, even though BTC went through a rollercoaster that drove it from $31,000 to $29,500 and back up to $30,500 in a matter of hours on Friday. Saturday and Sunday, though, were calm, with BTC remaining at just over $30,000.
It wasn’t until early Tuesday morning when the landscape changed, and BTC pushed above $31,000 once again. It was rejected there, but the bulls went on the offensive once again on Thursday, and this time, they managed to drive bitcoin north to $31,500 (on Bitstamp) for the first time in 13 months.
However, the asset failed there again and plummeted to $29,700 by Friday morning. Nevertheless, it bounced off and reclaimed the coveted $30,000 in the following hours and has remained just above that line since then.
Its market capitalization still stands at $585 billion, and its dominance over the alternative coins is just shy of 50%.
SOL, AVAX on the Rise
The altcoins also experienced enhanced volatility in the past few days, but most have calmed on a daily scale. Ethereum had neared $2,000 at one point but was sharply rejected yesterday and currently stands roughly $150 away from that level.
Binance Coin, Ripple, Cardano, Dogecoin, Litecoin, Tron, Polkadot, and Polygon are slightly in the green from the larger-cap alts.
Avalanche and Solana have stolen the show with gains of 7.5% and 13%, respectively. As a result, AVAX stands above $13, while SOL is north of $22.
Overall, the cumulative market cap of all crypto assets has managed to reclaim just over $10 billion in a day and sits above $1.8 trillion. Recall that the metric dumped by $50 billion yesterday alone.
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.
Credit: Source link
Bitcoin 
Ethereum 
XRP 
Tether 
BNB 
Solana 
USDC 
Dogecoin 
Lido Staked Ether 
TRON 
Cardano 
Wrapped stETH 
Chainlink 
Wrapped Beacon ETH 
Wrapped Bitcoin 
Hyperliquid 
Ethena USDe 
Avalanche 
Sui 
Figure Heloc 
Stellar 
Wrapped eETH 
Bitcoin Cash 
WETH 
Hedera 
LEO Token 
Litecoin 
Toncoin 
USDS 
Cronos 
Shiba Inu 
Binance Bridged USDT (BNB Smart Chain) 
Coinbase Wrapped BTC 
Polkadot 
WhiteBIT Coin 
Ethena Staked USDe 
World Liberty Financial 
Monero 
Uniswap 
Mantle 
Ethena 
Dai 
Bitget Token 
Aave 
Pepe 
MemeCore 
OKB 
Jito Staked SOL 
Bittensor 
NEAR Protocol 