After slipยญping to $26,600 on Bitยญcoin (BTC) pizยญza day, the digยญiยญtal curยญrenยญcy reversed its traยญjecยญtoยญry and shot up by almost a grand.
The crypยญto altยญcoins are likeยญwise slightยญly in the green, with Ethereum (ETH), MATIC, Shiยญba Inu (SHIB), TRX, and Avalanche (AVAX) jumpยญing by around 3 perยญcent daiยญly.
Bitcoin Reclaims $27K
The priยญmaยญry digยญiยญtal curยญrenยญcy has been stuck in a relยญaยญtiveยญly tight range durยญing the preยญviยญous week or so, which was likeยญwise acknowlยญedged by Glassnode yesยญterยญday. The anaยญlytยญics resource notiยญfied that Bitcoinโs 7โday price range had declined to 3.4%, which has hapยญpened just sevยญerยญal times in the past 3 years.
Every time, though, was folยญlowed by a subยญstanยญtial price move in either direcยญtion. As a result, Glassnode warned that there can potenยญtialยญly be a lot more volatilยญiยญty comยญing soon.
Curยญrentยญly, though, the investยญment remains in this range. Yesยญterยญday was Bitยญcoin (BTC) pizยญza day, and Bitยญcoin dropped to the lowยญer side of the range at $26,600. The bulls interยญvened at this stage and pushed it north, driยญving it to a mulยญti-day high of almost $27,400.
Regardยญless of failยญing conยญtinยญuยญaยญtion furยญther, Bitยญcoin still trades over $27,000 curยญrentยญly. Its marยญket capยญiยญtalยญizaยญtion has neared $530 bilยญlion, while its domยญiยญnance over the alts stands at the same posiยญtion โ 46.4%.
Ethereum (ETH) Defends $1.8K
Simยญiยญlar to Bitยญcoin (BTC), Ethereum (ETH) likeยญwise saw litยญtle-to-no moveยญments in the past plenยญty of days but was gradยญuยญalยญly losยญing ground. As a result, it was next to breakยญing below $1,800. Nonetheยญless, a 2.5 perยญcent boost in the past 24 hours has preยญventยญed such a develยญopยญment, and the secยญond- largest digยญiยญtal investยญment as of now trades at $1,850.
Simยญiยญlar price jumps are eviยญdent from Polyยญgon, Shiยญba Inu (SHIB), Tron, and Avalanche (AVAX) from the largยญer-cap alts. BNB, ADA, DOGE, SOL, LTC, and Polkaยญdot (DOT) are likeยญwise in the green, albeit in a more modยญest fashยญion.
The most impresยญsive price increasยญes on a daiยญly scale come from the likes of Conยญflux (16%), KAVA (14%), and Renยญder Crypยญto Token (11%).
In genยญerยญal, the total crypยญtocurยญrenยญcy marยญket capยญiยญtalยญizaยญtion has regained around $20 Bilยญlion in a day and stands at $1.140 trilยญlion.
