[ad_1]
Despite getting stopped at $21,500 and retracing by a few hundred dollars, bitcoin has still managed to stay above $21,000.
Most altcoins are calmer today on a daily scale, while Solana jumped to a two-month high at almost $40.
Bitcoin Still Above $21K
The start of November brought a lot of volatility for the primary cryptocurrency, mostly coming from US-related events. It began on Wednesday when the Federal Reserve said it will raise the key interest rates by 75 basis points, which sent it from $20,800 to $20,000 in a matter of minutes.
Nevertheless, the bulls stepped up at this point and helped bitcoin maintain the coveted $20,000 level. Two days later, the higher-than-expected US job report pushed the asset north, and BTC neared $21,000.
Despite failing at first at that line, the cryptocurrency went on the offensive late on Friday and ultimately managed to reclaim it. Furthermore, BTC marked a multi-month high at $21,500 on Saturday before retracing by a few hundred dollars.
As of now, it still stands above $21,000, and its market capitalization is north of $400 billion. Its dominance over the altcoins, though, struggles at 38.6%.
Solana’s Recent Google-Induced Run
The alternative coins were on an impressive run as of late but have calmed now. Ethereum still stands above $1,600 after a minor retracement. Similar price declines are also evident from Binance Coin, Ripple, and Cardano.
Dogecoin has seen about 3% of its value drop in the past 24 hours, while MATIC and Shiba Inu are down by 2%.
Solana is among the best performers from the larger-cap alts, after Google said it ran a validator node. SOL jumped to almost $40 for the first time since the middle of September.
OKB is another notable gainer, adding 5% of value again. Algorand, CRO, and CHZ have jumped by more than 5% in the past 24 hours.
Overall, the cumulative market cap stands at just over $1.050 trillion after gaining over $60 billion in the past week or so.
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 POTATO50 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.
[ad_2]
Source link