Bitcoin’s price has remained stable at just over $36,500 over the weekend, with several altcoins like SOL, ADA, and LINK experiencing significant daily gains.
BTC Calm at $36.5K
Bitcoin’s price was quite volatile in the middle of the business week, dropping to a weekly low of $35,000 before quickly reversing course and reaching $38,000. However, it failed to breach this resistance and fell back to $35,600 on Friday. By the weekend, it had recovered to around $36,500, and its market capitalization is now at $715 billion, with a dominance over alts of under 51.5% on CMC.
SOL, ADA, LINK on a Sunday Roll
Altcoins suffered on Saturday, but Solana’s native token, ADA, and LINK have all seen a 7.5% increase, pushing SOL to just over $60. MATIC, AVAX, DOT, and TON have also jumped by about 4%, while larger-cap alts like ETH, XRP, BNB, TRX, and LTC have seen more modest gains. However, DOGE is the only larger-cap alt with a notable 5% daily decline.
Weekly gainers include TIA (66%), KAS (61%), Render (44%), GNO (18%), and AVAX (18%).
Hot Take: Altcoins Time to Shine
This weekend has seen several altcoins outperforming Bitcoin, demonstrating that the market is ready for a shift in dominance. With several altcoins experiencing significant daily and weekly gains, it may be time for traders to shift their focus from Bitcoin to promising altcoin opportunities.
Owen Patter is a distinguished crypto analyst, accomplished researcher, and skilled editor, leaving a notable imprint on the cryptocurrency landscape. As a proficient crypto analyst and researcher, Owen delves into the intricate realms of digital assets, offering insights that resonate with a diverse audience. His analytical acuity is harmoniously paired with adept editorial skills, allowing him to transform complex crypto information into easily comprehensible content. Owen’s contributions serve as a valuable guide for both seasoned enthusiasts and newcomers, aiding them in navigating the dynamic world of cryptocurrencies with well-researched perspectives. With a meticulous commitment to precision, he empowers informed decision-making in the ever-evolving crypto domain.
