Bitcoin continued to trade sideways and was stopped before coming close to challenging $20,000. The altcoins are in a similar position, with very few notable movements in either direction.
Bitcoin stuck below $20,000
Last week, which also marked the end of BTC’s horrible second quarter, delivered much more volatility than the past few days. At the time, the cryptocurrency was sliding sharply and falling to a 10-day low below $18,800.
However, the bulls briefly took control over the market at this point and pushed the asset north. In a matter of minutes, bitcoin found itself trading almost $2,000 higher (close to $21,000).
Nonetheless, the mostly bearish market sentiment continued and BTC fell below $20,000 soon after. It returned to around $19,000, where it also spent most of the weekend.
The only exception came yesterday when BTC spiked to $19,600 but was quickly stopped and is back to a familiar ground now. As such, its market cap is still around $365 billion, and its dominance over the alts is again at 42.2%.
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Altcoins stand still
Similar to BTC, most altcoins are unusually stable and have been for days. Ethereum, for example, continues to trade at around $1,050. Until the start of the weekend, ETH was on the verge of breaking below $1,000, and before that, it was above $1,100.
BNB is still just under $220, ADA is at $0.45, and MATIC is down by 4% on a daily scale. In contrast, Ripple, Solana, Dogecoin, Polkadot, and Shiba Inu have marked insignificant gains.
TRON jumped the most (4.3%) in one day and is trading north of $0.065. LEO is up almost 3% and is close to $6. Among the small and mid-cap alts, The Sandbox saw the most impressive 5% increase.
The cumulative market cap of all crypto assets has also remained stagnant at just over $850 billion.
