After several days of impressive price spikes and consecutive multi-month highs, bitcoin has calmed down slightly but still sits above $ 60,000. Most altcoins are also untypically stagnant, with the exception of Fantom, which has surged by 13% in a day.
BTC remains above $ 60,000
The main cryptocurrency had fallen below $ 54,000 just four days ago before a new round of news regarding the SEC’s approval of a Bitcoin ETF in the United States sent a huge boost. thumb.
BTC initially reconquered $58,000 – a level which was previously unable to – and kept climbing upwards. He faced some resistance at the psychological level of $ 60,000, but ultimately managed to decisively overtake it on Friday and Saturday.
The push culminated in reaching $63,000, which became the highest price tag since April. However, after moving about 3% away from its all-time high, the bears came to play and drove BTC south again.
In the following hours, bitcoin lost about $3,000 of value to around $60,000 but, as of now, has remained above that coveted level. Its market cap has fallen to just under $ 1.1 trillion, and alts dominance is over 46%.
Alts Stall: FTM Surges
In an untypical fashion, most alternative coins have also remained calm after the recent gains. Ethereum climbed to $ 4,000 just days after falling below $ 3,500, but to no avail. It was stopped in its tracks at just over $3,900 and currently sits below that level.
Binance Coin has been among the most impressive performers lately, but a 2.7% drop since yesterday took the asset to $ 465.
Cardano, Ripple, Polkadot, Dogecoin, Terra, and Litecoin are also in the red from the larger-cap alts. In contrast, Solana and Uniswap scored minor gains.
Most lower- and mid-cap alts have also failed to produce massive fluctuations. Fantom is one of the very few exceptions. FTM jumped over 13% in one day and hit $ 2.25.
Ultimately, the crypto market cap has shed off $40 billion from yesterday’s high and is currently below $2.5 trillion.
