ICP is in one corner, POL in the other.
Most larger market cap altcoins have also remained sluggish, unlike small gains from HYPE and TRX. XMR, on the other hand, continues its freefall from its all-time high mid-week.
BTC stable despite political unrest
As mentioned above, the previous weekend was quite dull, with BTC trading sideways around $90,500. However, it broke out on Monday and confirmed it on Tuesday when it flew violently past $92,000. The price gains continued on Wednesday as it reached a multi-month peak of $98,000.
After gaining about $8,000 in less than a week, bitcoin lost some of its momentum and fell below $94,500 on Thursday. The price recovered on Friday and has remained above $95,000 since then. What’s especially interesting about this price stagnation is the fact that geopolitical tension has skyrocketed since Friday.
First, several EU countries sent troops to Greenland following Trump’s most recent comments. Then POTUS announced a new set of 10% tariffs for all eight EU countries. Union lawmakers responded today with an emergency meeting and threats over withdrawing from the ongoing trade deal.
BTC has remained unfazed and is still at around $95,000. Its market cap at the time of writing is $1.9 trillion, and its dominance over alts stands at 57.3%.
Weekly winners and losers
TRX has become the biggest gainer among the bigger alts since yesterday, up 3% to almost $0.32. HYPE and XLM are following suit, while XMR is down another 10% to well below $600. CC, PUMP and ZEC are also in the red on a daily basis.
The weekly scale is quite favorable for ETH. The second largest crypto is up 7% and is above $3,300. BNB, SOL, LINK, TRX and even XMR are also in the green since this time last Sunday. In contrast, XRP, DOGE, BCH and LTC are deep in the red.
Nevertheless, ICP has risen the most since last Sunday (25%), while POL has lost the most value (-18%) over the same period.
The total crypto market cap has fallen slightly over the past day, but is still above $3.3 trillion on CG.
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