Weekend Watch: DOGE Jumps 5% as BTC Eyes $45K
As the weekend came, bitcoin calmed and has remained just under $45,000. Most altcoins are in a similar position with slight daily increases. The most substantial gainers are Dogecoin and Cronos (CRO).
Bitcoin Eyes $45K Again
The BTC landscape was quite different last Sunday. The asset was gradually declining in value and was close to breaking below $40,000 for the first time in a week.
However, a lot can change in the crypto markets in seven days. Bitcoin initiated an impressive leg up instead of dropping below $40,000 and jumped to $43,000 to mark a three-week high at the time.
It retraced slightly before going back on the offensive, and this time it tapped $44,000. As CryptoPotato reported on Friday, BTC even jumped and briefly exceeded $45,000 for the first time since early March.
The cryptocurrency stalled below that level yesterday and currently sits there as well – just under $45,000. This means that BTC is up by almost 8% in the past week, and its market capitalization stands at $850 billion.
DOGE and CRO Lead the Way
The altcoins are also quite calm on a daily scale. Ethereum reclaimed the $3,000 level this week and hasn’t looked back ever since. After a minor retracement yesterday, the second-largest crypto is now slightly in the green and stands well above $3,100. It’s also up by around 8% in the past week or so.
Binance Coin is close to $420 after an increase of around 1%. Ripple, Cardano, Solana, Terra, Polkadot, Avalanche, and Shiba Inu are all up by a similar percentage.
The most significant gainers from the larger-cap altcoins are Dogecoin and Cronos. Both assets are up by around 5%. Consequently, DOGE sits at $0.14, while CRO is above $0.45.
Yet, Zilliqa has stolen the show as ZIL has soared by over 60%, according to CoinGecko, and sits close to $0.1.
More gains come from Convex Finance (20%), VeChain (14%), and ApeCoin (9%). The crypto market cap has remained slightly above $2 trillion.
OhNoRipple via https://www.ohnocrypto.com/ @Jordan Lyanchev, @Khareem Sudlow