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.
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