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Following the recent massive volatility, bitcoin made another attempt to overcome $30,000 but failed just inches below that level.
The altcoins have also calmed today, with ETH maintaining $1,900 and XRP jumping almost 3%.
Bitcoin Remains Above $29K
The past several days were quite eventful for the primary cryptocurrency. After trading still at around $27,000 during the weekend and until Tuesday, the bulls took complete control over the market and propelled a massive push-up that drove it to $30,000 in hours.
However, fake reports came out claiming that wallets connected to Mt. Gox and the US government could be disposing of substantial amounts of $BTC that plummeted the asset by almost $3,000. When the news was confirmed to be fake, bitcoin went on the offensive once again and reclaimed $28,000 and then $29,000.
That all happened in the span of 36 hours. The past day brought another leg up that drove $BTC to just under $30,000. However, it failed there and has since lost several hundred dollars.
Nevertheless, $BTC still stands above $29,000, and its market cap remains north of $560 billion. Its dominance over the alts is up to 47%.
$ICP, $CRO Soar by Double Digits
Most alternative coins mimicked $BTC’s enhanced volatility with significant price fluctuations. Ethereum went from $1,800 to over $2,000 in hours, before retracing just as hard and bouncing off. A minor 1% increase in the past 24 hours has helped the second-largest crypto to reclaim $1,900.
Ripple, Dogecoin, MATIC, Solana, Litecoin, and Tron are also slightly in the red from the larger-cap alts. In contrast, Binance Coin, Cardano, Polkadot, and Shiba Inu have retraced daily.
The biggest gainers in the past day are $ICP and $CRO. The project behind the latter made two massive partnerships this week, with Amazon and Samsung, that propelled yet another price surge. Overall, both assets have pumped by 11%.
These gains have helped the total crypto market cap add $15 billion daily, and the metric sits just north of $1.2 trillion.
