CC has skyrocketed over 130% month over month.
Most altcoins have fallen in the past 24 hours, apart from Canton’s CC, which has been trading in a world of its own lately.
BTC with an annual decline of 7%
The primary cryptocurrency spent December in a continuously narrowing range, which started with two boundaries at $94,500 and $84,500. However, as the month progressed, the boundaries tightened and BTC remained sideways between $86,000 and $90,000 in recent weeks.
At the start of the current business week, Bitcoin went on the attack and touched $90,000. However, the bears quickly intercepted the move again and stopped it.
As a result, BTC slipped again and that resistance proved too strong. The same scenario repeated itself throughout the week, with the last minor rejection happening yesterday. This time, Bitcoin couldn’t even reach $90,000 and was halted at $89,000.
Since then, BTC has returned to less than $88,000, where it currently stands. The market cap has fallen to $1.750 trillion, while altcoin dominance has fallen to 57.3% on CG.
CC keeps pumping
The past few weeks belonged to the CC of Canton. The asset has exploded 130% on a monthly basis and is up another 18% since this time yesterday. Consequently, it is now trading well above $0.17.
ICP is the other impressive gainer among the larger-cap alts, up more than 3.5%. In contrast, most other larger-cap alts are in the red. Cardano’s ADA has fallen by more than 3% and is now below $0.34. UNI is also down more than 3%, while DOGE, LINK, HBAR, CRo and XMR have posted losses of up to 2.5%.
BNB, XRP and SOL are also slightly in the red, while ETH and TRX are posting small gains.
The total cryptocurrency market cap has fallen by $20 billion in one day and is below $3.060 trillion at CG.
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