Digital currencies

Dogecoin shines, up 7%, and Bitcoin is flat

Dogecoin shines, up 7%, and Bitcoin is flat

With low volume over the weekend, Bitcoin has stalled its upward movement and has been consolidating above the $28,000 level.

Most large cap altcoins are in a similar position, with the exception of Dogecoin, Shiba Inu, and HBAR.
Bitcoin price settles above $28,000:

Bitcoin’s massive volatility last week saw bitcoin plunge from $28,000 to $26,500 in the hours Monday when the US CFTC announced the pursuit of Binance and its founder.

But it seemed like it was just the beginning of a rollercoaster week that pushed the bitcoin price over $29,000 a few days later.

Bears intercepted this move as well and pushed the cryptocurrency south, sending prices below $27,600 by Friday.

Heading into Saturday, bitcoin recovered some ground and stood above the $28,000 level.

The past 24 hours have been quiet, with BTC trading in a narrow range between $28,400 and $28,600.

This naturally means that its market capitalization has remained relatively low at less than $550 billion.

Bitcoin’s dominance over altcoins also remained at the same place as yesterday at 46.3%.

Most altcoins have also calmed down on a daily scale.

This included Ethereum rising above $1,800, BNB stabilizing near $315, while LTC, MATIC, SOL, and TRX all posted small gains.

Cardano’s price is down by just over 1%, while XRP’s price has jumped by just under 2%.

Dogecoin and Shiba Inu are among the top two performing altcoins with a large market cap.

Dogecoin managed to rise by 7.7% in the last 24 hours, rising above the $0.08 level.

As for the total market capitalization of the crypto market, it is still stuck at $1.19 trillion.

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