Bitcoin attempted to drop below $43,000 on Saturday, but it called off before the real challenge and returned to its starting point at around $42,000.
With the exception of Shiba Inu and Internet Computer, which have seen notable gains, most altcoins are slightly in the red on a daily scale.
BTC returns to $42,000
After hitting a 19-month high last Saturday, Bitcoin began a slow recovery on Sunday, posting a massive $30,000 drop on Monday. This brought the price to him just under $41,000. The next day, the major digital asset plunged again, this time to a weekly low of $40,200.
The bulls finally succeeded in reversing the cryptocurrency’s trajectory, pushing the cryptocurrency up to $43,000. Even Wednesday’s US CPI data failed to add more volatility, but Thursday’s ledger weakness did.
In just a few minutes, BTC lost nearly two grand, but quickly regained most of its losses once the wallet company announced a fix for the issue.
On Friday and Saturday, Bitcoin rose to a local peak of $42,750, but was unable to rise further. It’s currently a few centimeters below $42,000, with a market cap of less than $820 billion. Its advantage over the alternative in CMC increased slightly to 51.7%.
BONK, ICP are weekly winners
Last week was mainly influenced by the latest meme coin sensation, Solana-based BONK. At one point, the stock rose more than 100% on a daily basis and more than 1,200% on a weekly basis, hitting a new all-time high. This also pushed up the price of SOL, but the asset rallied over the weekend and is currently trading at just over $70.
Another stock that has seen big gains recently is ICP. It’s up 15% in the past 24 hours and more than 80% on a weekly basis. As a result, ICP is currently trading above $10.
Shiba Inu rose 9% in the past 24 hours. The remaining large-cap stocks are in the red, with ETH down 1.5%, BNB down 2.5%, Cardano plummeting over 3%, and Chainlink as well.
The market capitalization of cryptocurrencies decreased by $20 billion from yesterday to $1.58 trillion.
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cryptocurrency chart By TradingView.