The Crypto Market Remains Stagnant with Few Exceptions

The Crypto Market Remains Stagnant with Few Exceptions

Bitcoin has experienced little movement in the past few days, with the exception of a brief pump and dump that added around $500 to its value. Similarly, most altcoins have also remained stagnant. However, there are some exceptions, such as Injective, which has experienced enhanced volatility.

Last week, Bitcoin’s value dropped to a two-month low of under $26,000, but it has since recovered some of its losses and is currently trading around $27,000. On Monday, Bitcoin’s value briefly jumped to just over $27,600, but it was short-lived. The next day, Bitcoin dropped by over $1,000, but it recovered some ground and returned to its familiar position around $27,000.

Market Cap and Dominance

Bitcoin’s market cap currently stands at $520 billion, and it has a dominance over the altcoins at 46.3%. Most altcoins have also remained stagnant on a daily scale, with only a few exceptions. Ethereum was close to dropping below $1,800 yesterday, but it managed to defend that level and is currently trading slightly above it. Binance Coin has slipped below $310 after a minor daily decline. Dogecoin, Polygon, Polkadot, Ripple, Shiba Inu, and Avalanche are also slightly in the red. Cardano, Solana, and Litecoin have dropped a bit more today, with losses of up to 2%.

On the other hand, AGIX has entered the top 100 after experiencing a massive 15% daily surge. KAVA and INJ follow in terms of daily gains, each with 7%. Additionally, INJ has experienced a 20% increase in value over the past seven days.

Crypto Market Cap

The total crypto market cap is currently stuck at just over $1.120 trillion on CMC. Although Bitcoin and most altcoins have remained stagnant, there are some exceptions to this trend. Injective, AGIX, KAVA, and INJ have all experienced gains in value, while others have experienced minor daily declines. Overall, the crypto market remains stable with few fluctuations in value.


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