Unlike the previous few weekends, this one is turning out to be more positive for bitcoin, which spiked to over $27,000 earlier today.
The altcoins also trade in the green today. SOL is among the most notable gainers, with a 5% surge that helped it reclaim $20.
BTC Above $27K
Last week didn’t go all that well for the primary cryptocurrency, especially after the latest rejection at $27,500 recorded on Tuesday. The bears took complete control of the market in the following few days and pushed it south to a two-week low at $25,900 by Thursday.
The landscape started to change as the working week came to an end, and BTC quickly reclaimed $26,000. It even spiked to almost $27,000 by Saturday but was stopped there at first.
However, the bulls propelled a more impressive price increase on Sunday morning that drove the cryptocurrency to a multi-day high of $27,300. Despite retracing slightly since then, bitcoin is still almost 2% up on the day.
As such, its market capitalization has neared $530 billion, and its dominance over the altcoins has increased a bit to 46.4%.
SOL Jumps 5%
The alternative coins have also headed higher during the weekend, which is in contrast with what happened in the past few ones.
Ethereum slipped below $1,800 during the week but has managed to reclaim and retrain that level. Another minor increase on a daily scale has pushed the second-largest crypto to $1,850. Binance Coin, Polygon, Dogecoin, Tron, Polkadot, Litecoin, and Avalanche are up by somewhere between 0.5% and 2% in a day.
More gains from the larger-cap alts come from Cardano, Shiba Inu, and today’s top performer – Solana. SOL has jumped by almost 5% and currently trades above $20.
With most lower- and mid-cap alts seeing green today, the total crypto market cap has added $15 billion and sits close to $1.140 trillion. The metric dipped below $1.1 trillion just a few days ago.
Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).
PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO50 code to receive up to $7,000 on your deposits.
Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.
Cryptocurrency charts by TradingView.
#Bitcoin #Taps #27K #Solana #Soars #Daily #Weekend #Watch