Despite very unstable behavior during the weekend, cryptocurrency prices didn’t move much, as Bitcoin seems to rest at the $40,000 mark.
Following price drops from yesterday, Bitcoin has rested at $40,000. As for Altcoins, most of them haven’t shown any significant change in value during the 24-hour time period of statistical data. However, Polygon (MATIC) displayed a huge movement, increasing by almost 15%. The altcoin market wasn’t at its best, especially during the weekend, as Altcoin giant Ethereum suffered from continuous drops in value, reducing from $2600 down to $2250. As of today, Ethereum managed to get back up to a value of $2400 but then quickly shifted back to $2,300. Following Ethereum’s bizarre movement, other Altcoins showed somewhat similar performance. BNB fell from $360 to $325, then stood up again to $350 price, currently sitting at $340. BNB’s price stats definitely seem to prove the point about Ethereum’s influence over the Altcoin market.
Back on track
The weekend for Altcoins might not have gone well, but as of today, the market is surely back on its feet, with most of the Altcoins showing positive trends yet again. Cardano managed to see an increase of 3% in its price. Meanwhile, other coins like DOGE, XRP, DOT, and others saw price changes of about 1%. This might not be a lot, but for some, it is a significant change. Polygon (MATIC) was the unique one from the bunch, showing a massive 15% increase in value, almost in line to cross the $1.4 mark.
Altcoins with a low or mid-cap managed to remain stable as well, with some of them such as Quant that gained 12% and TFUEL that gained 11%, showing impressive numbers, but some others like Chiliz, Celo, and Nexo did not see sunshine and rainbows, suffering losses of over 7%.
Bitcoin’s weekend performance
Bitcoin started off the weekend with around $37,000 in value but soon dropped to $35,000 after a few trading hours. Although Bitcoin bulls managed to bump up Bitcoin briefly by over 36,000, the currency soon fell back to $35,000 again, currently sitting at $40k.
Summing up the performance numbers, the market cap of cryptocurrencies has made a nice recovery of around $20 Billion, keeping stability just over $1.7 Trillion in total market cap.
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