Bitcoin’s price performance has been disappointing, but it has managed to stay above $29,000. Altcoins like DOGE and SOL are also experiencing slight gains, with SHIB jumping the most among the top 20 coins.
Key points:
1. BTC started the week with a drop from over $30,000 to a monthly low of under $29,000.
2. The bulls stepped in and pushed the price back above $29,000, but there has been little movement since then.
3. Even the US Fed’s interest rate hike did not bring much volatility to the market.
4. BTC has been trading in a tight range between $29,000 and $29,500.
5. Its market capitalization remains below $570 billion, and its dominance over altcoins has slightly decreased to 48.1% on CMC.
In conclusion, Bitcoin’s price has been stagnant, with little movement and volatility. Altcoins have seen some gains, but Bitcoin’s dominance has taken a slight hit. The market seems to be waiting for a catalyst to drive significant price action.
BTC Stalls Above $29K
Bitcoin’s price performance has been disappointing, but it has managed to stay above $29,000. Altcoins like DOGE and SOL are also experiencing slight gains, with SHIB jumping the most among the top 20 coins.
Key Points:
- BTC started the week with a drop from over $30,000 to a monthly low of under $29,000.
- The bulls stepped in and pushed the price back above $29,000, but there has been little movement since then.
- Even the US Fed’s interest rate hike did not bring much volatility to the market.
- BTC has been trading in a tight range between $29,000 and $29,500.
- Its market capitalization remains below $570 billion, and its dominance over altcoins has slightly decreased to 48.1% on CMC.
In conclusion, Bitcoin’s price has been stagnant, with little movement and volatility. Altcoins have seen some gains, but Bitcoin’s dominance has taken a slight hit. The market seems to be waiting for a catalyst to drive significant price action.
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