Bitcoin jumped above $27,500 yesterday but was once again stopped before having the chance to challenge $28,000.
Most altcoins are also slightly in the red, with $LDO, LTC, and TRX being among the few exceptions.
$BTC Still North of $27K
Last week’s enhanced volatility, propelled by the US CPI announcements on Wednesday, resulted in a massive price drop for bitcoin, which culminated on Friday. That’s when the asset plummeted to $25,800 to chart a two-month low. As such, $BTC had lost over $2,000 in a matter of just two days.
However, the bulls finally stepped up at this point and didn’t allow any further declines. Just the opposite, they pushed $BTC north, and it quickly reclaimed a grand before taking down $27,000 by Monday.
Another leg-up followed, which took $BTC to just over $27,600. Nevertheless, it was short-lived, and bitcoin has returned to just over $27,000 as of now.
Consequently, its market capitalization has slipped below $530 billion, while its dominance over the altcoins stands relatively still at 46.6%.
$LDO Keeps Pumping
As reported yesterday, Lido DAO’s native token was among the best performers, having surged past $2 with an 8% increase. $LDO has only doubled down on its impressive form in the past 24 hours, following another 4% jump. This came as the project announced the launch of its V2, more info on which you can find here.
Litecoin, Tron, Chainlink, VET, APE, and Algo are the other larger- and mid-cap alts with minor daily gains. The rest of the top 36, however, are in the red.
These include ETH, BNB, XRP, ADA, DOGE, SOL, MATIC, DOT, SHIB, and AVAX – all of which have declined by up to 2% daily.
The total crypto market cap has shed approximately $10 billion daily. As such, the metric has declined to $1.130 trillion.
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