Bitcoin (BTC) has returned to the $26,000 level after a late-business week pump and dump drove it to a six-day high. Most altcoins are also calmer today, with XRP and SHIB standing out as the top performers from the larger-cap ones.August 17 saw BTC plummet by over $3,000 to register a two-month low of just over $25,300. It managed to bounce off rather quickly and reclaimed $26,000 by the time the weekend had arrived. The next several days were quiet as BTC failed to move in either direction. A more notable price dip came on Wednesday, followed by an immediate surge to a six-day high of $26,800. However, bitcoin failed to reclaim the $27,000 level, and the subsequent rejection pushed it back down to $26,000 on Friday.Most altcoins mimicked BTC’s performance for the past 10 days or so, meaning they dumped last week, tried to recover in the following days but mostly traded sideways. The past 24 hours were quite boring once again. Minor daily gains are evident from the likes of Ethereum, Binance Coin, Ripple, Dogecoin, Tron, Polkadot, Shiba Inu, and Litecoin. In contrast, Cardano and Solana have shed about 2% of their value on a daily scale.SUI is the top performer on a daily scale, having surged by 9%. The asset is up by 20% within the past week, similar to Shiba Inu’s BONE. Overall, though, the crypto market cap has remained sluggish at around $1.050 trillion. Bitcoin (BTC) has returned to the $26,000 level after a late-business week pump and dump drove it to a six-day high. Most altcoins have followed a similar pattern, with minor daily gains for Ethereum, Binance Coin, Ripple, Dogecoin, Tron, Polkadot, Shiba Inu, and Litecoin. Cardano and Solana have shed about 2% of their value on a daily scale. SUI and BONE have been the top performers, both up by 20% within the past week. The crypto market cap has remained sluggish at around $1.050 trillion.
| Information |
Details |
| Geography |
Global |
| Countries |
|
| Sentiment |
neutral |
| Relevance Score |
8 |
| People |
None |
| Companies |
Binance, PrimeXBT, CryptoPotato, TradingView, None |
| Currencies |
Bitcoin, Ethereum, XRP, SHIB, BONE |
| Securities |
None |
