After the last few days of heightened volatility, bitcoin has calmed down to around $ 64,000. Most alternative coins have also remained untypically stagnant on a 24-hour scale, with the apparent exception of Avalanche, which went on a roll and registered a new ATH.
Bitcoin Consolidation Continues
Last week was going pretty well for the main cryptocurrency as it recovered from its drop to $ 60,000 and broke new records. It broke the October peak of $67,000 on Tuesday and did it once more a day later, with the latest ATH standing at $69,000.
However, he was unable to continue north. On the contrary, it fell $ 6,000 in one day and fell below $ 63,000.
The asset bounced off initially and reclaimed $65,000 before another price decline drove it to a weekly low of just over $62,000, as reported yesterday.
BTC has since gained ground and hit $ 65,000 a few hours ago. However, it didn’t stay there and another multi-hundred dollar retracement took it to just over $ 64,000.
Bitcoin’s market capitalization has gone over $1.2 trillion once more, while the dominance over the altcoins stands still at 43%.
Altcoins keep calm: AVAX New ATH
Most altcoins have stood still since yesterday. Ethereum lost a minor portion of its USD value and fell to just under $ 4,600. Cardano and Ripple have seen similar price dips and trade at $2.03 and $1.18, respectively.
In contrast, Binance Coin rose 2% to $ 640, Polkadot is at $ 46, while a 2.3% jump against Shiba Inu took the popular coin even to $ 0.000053.
Solana, Dogecoin, and Terra have marked more substantial gains – around 4% each. As a result, SOL sits at $235, DOGE stands at $0.27, and LUNA is above $51.
The avalanche has arisen the most of the larger cap alts. An 11% increase over AVAX means a new all-time high for the token set at $ 100 earlier today.
IoTeX (24%), KuCoin Token (13%), and Loopring (11%) are also reps of the double-digit price surge club. In contrast, Decentraland, LEO, and Mina have lost similar percentages in a day.
The cryptocurrency’s market cap is also at a familiar level from yesterday, around $ 2.9 trillion.
