Bitcoin’s weekend continues to be uneventful as the asset has settled around $19,000.
Most of the altcoins are pretty quiet today too, with minor daily losses. LUNC, on the other hand, continues to rise after another double-digit price increase.
Boring Bitcoin at $19K
The main cryptocurrency had a quiet week, unlike the previous one. Last weekend, the asset traded around $19,000, something that didn’t really change until Tuesday.
At that moment, the bulls came forward and pushed him north. Consequently, BTC shot up to a 12-day high of $20,400. However, that was short-lived as Bitcoin headed straight south and dipped below $19,000 once again.
It bounced back to that all too familiar level almost immediately and has stayed there ever since. The only exception came on Friday when she raised to $20,000 but was rejected once again.
Saturday was pretty dull once again, and the picture is similar now, with BTC just inches above $19,000. Its market capitalization remains at $370 billion, while its dominance over altcoins has stagnated at 39.5%.
BTCUSD. Source: TradingView
LUNC steals the show, again
Most of the altcoins are also pretty much stuck on a 24-hour time scale, with negligible losses. Ethereum is down a little over 1% in a day but is still holding above $1,300. It is worth noting that ETH is among the worst performers since the Merger took place just over two weeks ago.
Binance Coin, Cardano, Solana, Dogecoin, Polkadot, Shiba Inu, and Avalanche are also slightly in the red. Ripple, MATIC and TRON have all seen minor daily gains.
LUNC is the best performer of the mid-cap alts. Perhaps fueled by Do Kwon’s recent claims, Terra Classic is up 20% in one day and over 50% on a weekly basis.
However, with most other alts sitting silent today, the total crypto market capitalization stands at $935 billion.
Overview of the cryptocurrency market. Source: quantify crypto
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Cryptocurrency charts from TradingView.
This post Terra Classic (LUNC) triggers 20%
was published first on https://cryptopotato.com/weekend-watch-terra-classic-lunc-soars-20/