Conflux (CFX) Soars 16% as Bitcoin (BTC) Reclaims $27K (Market Update) #crypto #bitcoin #conflux #marketupdate

Conflux (CFX) Soars 16% as Bitcoin (BTC) Reclaims $27K (Market Update) #crypto #bitcoin #conflux #marketupdate

BTC reverses its trajectory and reclaims $27K, while altcoins such as ETH, MATIC, SHIB, TRX, and AVAX are also slightly in the green, with the total crypto market cap standing at $1.140 trillion.

After slip­ping to $26,600 on Bit­coin (BTC) piz­za day, the dig­i­tal cur­ren­cy reversed its tra­jec­to­ry and shot up by almost a grand.

The cryp­to alt­coins are like­wise slight­ly in the green, with Ethereum (ETH), MATIC, Shi­ba Inu (SHIB), TRX, and Avalanche (AVAX) jump­ing by around 3 per­cent dai­ly.

Bitcoin Reclaims $27K

The pri­ma­ry dig­i­tal cur­ren­cy has been stuck in a rel­a­tive­ly tight range dur­ing the pre­vi­ous week or so, which was like­wise acknowl­edged by Glassnode yes­ter­day. The ana­lyt­ics resource noti­fied that Bitcoin’s 7‑day price range had declined to 3.4%, which has hap­pened just sev­er­al  times in the past 3 years.

Every time, though, was fol­lowed by a sub­stan­tial price move in either direc­tion. As a result, Glassnode warned that there can poten­tial­ly be a lot more volatil­i­ty com­ing soon.

Doge­coins Price Plum­mets Despite Grow­ing Investor Base

Cur­rent­ly, though, the invest­ment remains in this range. Yes­ter­day was Bit­coin (BTC) piz­za day, and Bit­coin dropped to the low­er side of the range at $26,600. The bulls inter­vened at this stage and pushed it north, dri­ving it to a mul­ti-day high of almost $27,400.

Regard­less of fail­ing con­tin­u­a­tion fur­ther, Bit­coin still trades over $27,000 cur­rent­ly. Its mar­ket cap­i­tal­iza­tion has neared $530 bil­lion, while its dom­i­nance over the alts stands at the same posi­tion – 46.4%.

Ethereum (ETH) Defends $1.8K

Sim­i­lar to Bit­coin (BTC), Ethereum (ETH) like­wise saw lit­tle-to-no move­ments in the past plen­ty of days but was grad­u­al­ly los­ing ground. As a result, it was next to break­ing below $1,800. Nonethe­less, a 2.5 per­cent boost in the past 24 hours has pre­vent­ed such a devel­op­ment, and the sec­ond- largest dig­i­tal invest­ment as of now trades at $1,850.

Sim­i­lar price jumps are evi­dent from Poly­gon, Shi­ba Inu (SHIB), Tron, and Avalanche (AVAX) from the larg­er-cap alts. BNB, ADA, DOGE, SOL, LTC, and Polka­dot (DOT) are like­wise in the green, albeit in a more mod­est fash­ion.

The most impres­sive price increas­es on a dai­ly scale come from the likes of Con­flux (16%), KAVA (14%), and Ren­der Cryp­to Token (11%).

In gen­er­al, the total cryp­tocur­ren­cy  mar­ket cap­i­tal­iza­tion has regained around $20 Bil­lion in a day and stands at $1.140 tril­lion.

Cryptocurrency Market Overview. Source: Quantify Crypto
Cryp­tocur­ren­cy Mar­ket Overview. Source: Quan­ti­fy Cryp­to


Read Dis­claimer
This page is sim­ply meant to pro­vide infor­ma­tion. It does not con­sti­tute a direct offer to pur­chase or sell, a solic­i­ta­tion of an offer to buy or sell, or a sug­ges­tion or endorse­ment of any goods, ser­vices, or busi­ness­es. does not offer account­ing, tax, or legal advice. When using or rely­ing on any of the prod­ucts, ser­vices, or con­tent described in this arti­cle, nei­ther the firm nor the author is liable, direct­ly or indi­rect­ly, for any harm or loss that may result. Read more at Impor­tant Dis­claimers and at Risk Dis­claimers.

Follow us

Latest Crypto News

Share via
Share via
Send this to a friend