Canton (CC) Rises Another 17%, Bitcoin (BTC) Remains Below $88,000: Weekend Watch

FIL is the next big winner today.

Most altcoins are in a similar situation, with little to no volatility from the larger caps. ZEC, DOT, UNI, CC and NEAR have made significant gains among midcaps.

BTC is trading sideways

After a wild period that lasted the past ten days, BTC is expected to calm down during and after the Christmas holidays. In the last business week, it was rejected a few times for $90,000, as the most violent came after the US released November CPI numbers, which were much better than expected.

Bitcoin quickly spiked to the $90,000 resistance, faced immediate selling pressure and fell to a multi-week low of $84,400. The bulls eventually intercepted the move after this decline and mounted a remarkable recovery that culminated with a surge to $90,400 on December 22.

However, bitcoin’s inability to break that level continued and its value fell to $86,400 on Christmas Eve. The price rebounded to $89,600 on Friday, after which the bears regained control and almost immediately pushed the price below $86,800. Since then, BTC has been fairly quiet within a tight range and is now near $88,000.

CG’s market cap remains around $1,750 trillion, while its altcoin dominance stands at 57.3%.

CC on a wild run

As mentioned above, the larger cap altcoins have shown little volatility since yesterday but are slightly in the green. ETH is near $2,950, XRP has defended the $1.85 level, BNB is back at $850, while SOL, TRX, DOGE, BCH and LINK are up 1-2%. ADA has emerged as the biggest winner here, up 5% to $0.37.

ZEC is up more than 5%, just like UNI and NEAR. DOT and FIL are up 8-9% each, while CC is up another 17%. At the time of writing, Canton’s token is trading near $0.12.

The total cryptocurrency market cap has added approximately $30 billion daily, reaching $3.060 trillion on CG.