cryptopotato.com
Bitcoin tried its hand at taking down $43,000 on Saturday but was stopped before an actual challenge and has returned to its starting point of around $42,000.
Most altcoins are slightly in the red on a daily scale, aside from Shiba Inu and Internet Computer, both of which have tapped notable gains.
$BTC Back to $42K
After its 19-month peak last Saturday, bitcoin started retracing slowly on Sunday before a massive drop of three grand registered on Monday. That one drove it to just under $41,000. A day later, the primary digital asset dumped again, this time to a weekly low of $40,200.
The bulls finally managed to reverse the cryptocurrency’s trajectory and pushed it north to $43,000. Even the US CPI data couldn’t propel more volatility on Wednesday, but the Ledger vulnerabilities on Thursday did.
In a matter of minutes, $BTC slumped by nearly two grand but quickly recovered most of its losses when the wallet company announced the fix to its issues.
On Friday and Saturday, bitcoin went to a local peak of $42,750 but couldn’t go any higher. As of now, it stands inches below $42,000, and its market cap has slipped below $820 billion. Its dominance over the alts has increased slightly to 51.7% on CMC.
$BONK, $ICP Are the Weekly Winners
The past week went mostly under the influence of the latest meme coin sensation – the Solana-based $BONK. It shot up at one point by over 100% daily and more than 1,200% weekly to register a new all-time high. It also boosted SOL’s price higher, but the asset has retraced during the weekend and is now trading at just over $70.
The other massive gainer lately has been $ICP. It’s up by 15% over the past 24 hours and more than 80% on a weekly scale. As a result, $ICP now trades above $10.
Shiba Inu has jumped by 9% within the past 24 hours. The rest of the larger-cap alts sit in the red, with ETH losing 1.5%, BNB down by 2.5%, Cardano has plummeted by over 3%, and so has Chainlink.
The total crypto market cap is down by $20 billion since yesterday to $1.580 trillion.
