The price consolidation of Bitcoin that started a few days ago continues because it seems to stay active at the level of $ 118,000.
Although most alts with larger caps have simulated the overwhelming performance of BTC during the weekend, some, such as OKB, MNT, XMR and Link, have risen with double digits.
BTC consolidation continues to exist
The business week started on the right foot for Bitcoin when the bulls initiated a leg that pushed it from $ 118,000 to just over $ 122,000 on Monday alone. Although it acted actively the following days, it went again on Wednesday and Thursday morning in the offensive.
The highlight took place in the early hours of August 14, when BTC shot up his July-all times and set up a new one at just over $ 124,500. Following this $ 5,000 $ 6,000 price pump in hours, however, the almost inevitable correction that BTC drove was up to $ 121,000.
The worst had to come later that day, after the release of the Hot PPI data for July. Bitcoin reacted with an immediate price decrease to less than $ 118,000 and dragged the altcoins. Since then, BTC has stayed sideways at around $ 118,000, although there was a large but disappointing meeting between the US presidents and Russia.
For now, market capitalization is still at $ 2,350 trillion, while the dominance across the alts drops to 57.6% on CG.
Double -digit pumps for these alts
As the graph below will show, most larger CAP-Alts are with small profits or losses in the past day. ETH, BNB, SOL, Doge, Hype, XLM and Sui are somewhat in the green, while XRP, ADA and TRX have mapped out trils.
On the other hand, link has risen by more than 10% in the past day and is now above $ 24. XMR and MNT have also mapped comparable profits, while OKB has again stolen the show with an increase of 17% that has brought it to more than $ 120.
The cumulative market capitalization of all crypto assets added more than $ 30 billion yesterday and is up to $ 4,080 trillion on CG.
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