After another unsuccessful attempt to surpass $ 49,000, Bitcoin has fallen back to around $ 48,000. Most of the alternative coins, besides Solana, have again recorded minor losses. Once again, SOL topped most tokens and tapped $ 100 for its latest ATH.
Bitcoin stands around $ 48K
The past week has been quite volatile for the primary cryptocurrency. Last Monday it rose to over $ 50,000 for the first time in over three months.
As the bulls prepared for another spike to regain other levels, the situation changed and BTC began to decline in value. This resulted in a significant drop to around $ 46,300 on Thursday and Friday.
However, after that $ 4,000 decline, Bitcoin went north again and came close to the $ 50,000 mark on Sunday. But to no avail as it failed twice.
The subsequent rejection of the second attempt drove it south to its current level of around $ 48,000. As a result, its market cap is $ 900 billion and its dominance over altcoins is 43.5%.
BTCUSD. Source: TradingView
Alts stand still, but not SOL
Most altcoins are also in the red on a 24-hour scale. Ethereum failed to stay above $ 3,200 and has fallen below that level after falling 1%. Ripple has seen a similar move as well, while Cardano and Dogecoin are slightly in the green.
Binance Coin (-2%), Polkadot (-4%), Bitcoin Cash (-4%) and Litecoin (4%) have lost a little more of their value, while LUNA slumped 8% in one day. This only happens a day after the asset hit another all-time high of over $ 36.
A coin that also set a new record yesterday, but is not in the red today, is SOL. It continued its impressive performance, registering a new ATH at just over $ 100 hours ago.
Overview of the cryptocurrency market. Source: Quantify Crypto
Other profits come from Revain (50%), Fantom (40%), The Sandbox (21%), Flow (16%), Perpetual Protocol (15%), Decentraland (12%) and ICP (10%).
The cumulative market capitalization of all crypto assets has lost some ground and is currently just under $ 2.1 trillion.
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TradingView’s cryptocurrency charts.