HASH and TRUMP are the ones that have lost the most value daily.
Bitcoin’s relatively quiet weekend price action continued as the asset’s most significant gain came with a minor rise to $111,000, where it faced immediate resistance.
Most of the larger cap alts had minor losses over the past day, led by HYPE, BCH, HBAR, ZEC, and TAO.
BTC stopped at $111,000 for now
The leading cryptocurrency started the trading week on the right foot, with its price rising to just over $116,000 on Monday. After a small correction, it broke above that line again on Tuesday, where it stopped and pushed strongly south.
On Wednesday, BTC had calmed down around $112,000 before the US Federal Reserve cut interest rates for the second consecutive time in recent months. Bitcoin reacted with an immediate price drop that took it down to $110,000 and even lower on Thursday when the asset fell below $106,500.
The bulls finally stepped forward at this point and began an advance that took BTC as high as $111,500. However, this was a short-term rally once again, and Bitcoin has failed to rise any higher since then. In the last few hours, it tried to surpass $111,000, but so far to no avail.
Its market cap has recovered to the $2.2 trillion level on CG, while its dominance over alts has stagnated at 58%.
Lossy Alts
As mentioned above, most of the largest cap altcoins have marked minor losses in the last 24 hours. BNB, SOL, DOGE, TRX, ADA, XLM, and SUI are slightly in the red, while BCH is down more than 4%. HBAR, HYPE and ZEC have decreased by more than 2% daily.
In contrast, ETH, XRP, LINK, and AVAX posted negligible gains, while XMR rose more than 3%, as did ICP.
The two biggest losers on a daily basis are HASH (-7.5%) and TRUMP (-6.5%). However, the POTUS-related meme coin is up 25% weekly.
The total cryptocurrency market capitalization has increased slightly overnight and is above $3.8 trillion.
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Cryptocurrency charts by TradingView.
