HomeCryptoBitcoin Spiked Toward $20K While MATIC Jumps 6.5% (Market Watch)

Bitcoin Spiked Toward $20K While MATIC Jumps 6.5% (Market Watch)


Bitcoin finally initiated a leg up that culminated in a price jump towards $20,000 but was stopped in its tracks as with previous attempts.

MATIC has presented the most substantial price increase from the larger-cap alts, while XRP sits in the red.

BTC With a Minor Jump

The most substantial price movement last week came when BTC was rejected at $19,500, and the bears took it south to $18,600. This became the lowest price point in about nine days.

However, the asset reacted well to this drop and bounced off to over $19,000. As the weekend came, BTC calmed once more, similar to the previous one. The lack of significant trading volumes meant little-to-no movements during the entire weekend, and bitcoin stood at $19,000.

The landscape started to change early Monday when BTC pumped to $19,600 for the first time in days. But, the scenario repeated once more – meaning a new rejection that pushed it back down to just over $19,000.

Its market capitalization has touched $370 billion, and its dominance over the altcoins has remained at 39.9%, just like yesterday.

BTCUSD. Source: TradingView

MATIC Jumps 6%

Most altcoins also tried to get ahead earlier today, but most were pushed back down. Ethereum, for example, jumped to over $1,350, which was a multi-day high of its own. Despite retracing slightly since then, ETH still trades well above $1,300 after struggling to reclaim that level for days.

Binance Coin, Solana, Tron, and Avalanche are also with minor daily gains. Cardano is up by 2.5% and trades north of $0.35. Some recent reports suggested that the asset could double its USD valuation in the next few months if history repeats.

MATIC is the most significant gainer from the larger-cap alts. The asset has jumped by more than 6% in a day and trades close to $0.9.

The overall crypto market cap has remained relatively unchanged, but it has neared $930 billion.

Cryptocurrency Market Overview. Source: Quantify Crypto
Cryptocurrency Market Overview. Source: Quantify Crypto
SPECIAL OFFER (Sponsored)

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.



Source link

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

Recent Comments