Bitcoin Eyes $27K, Chainlink Emerges as Today’s Top Performer: Market Watch
Bitcoin tried its hand at taking down $27,000 as soon as once more earlier as we speak however failed in its tracks, no less than for now.
Whereas TONCOIN has slipped by greater than 3% over the identical interval, Chainlink’s native token has soared by about 6%.
BTC’s New Try
Final Monday was a significantly unstable buying and selling day wherein BTC first dropped by a grand to a two-month low at beneath $25,000, however optimistic information coming from one other software for a spot ETF despatched it north rapidly. As such, the cryptocurrency reclaimed $26,000 and aimed even larger.
The remainder of the enterprise week was barely extra optimistic, with bitcoin progressively rising its USD worth. This culminated on Saturday morning when it pumped to $26,900 for the primary time in over two weeks.
Because it occurred in the course of the earlier makes an attempt to beat that degree, although, the bears got here out and halted the initiative. BTC retraced by a number of hundred {dollars} virtually instantly and spent the remainder of the weekend at round $26,500.
One other minor push got here earlier as we speak when BTC tapped $26,800 however as soon as once more didn’t proceed upwards. As of now, it nonetheless stands beneath $27,000.
Its market cap is inches above $520 billion, and its dominance over the alts is at barely over 49%.
LINK Pops Up
Most larger-cap alts are comparatively calm as we speak. Ethereum, Binance Coin, Solana, Tron, Polygon, and Litecoin have charted minor positive factors, whereas Ripple, Dogecoin, Cardano, and Shiba Inu have charted insignificant losses.
TONCOIN has dropped probably the most on a day by day scale. TON has been among the many high performers these days, and even with this retracement, it’s nonetheless up by double digits on a weekly scale. Consequently, TON trades near $2.4.
Chainlink has gained probably the most inside a 24-hour interval. LINK is up by greater than 5% and sits above $6.5.
The cumulative market cap of all crypto belongings stays comparatively nonetheless at simply over $1.060 trillion.
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