Memecore (M) continues to pump with double digits, Bitcoin (BTC) is struggling for $ 111k: Weekendwork

Memecore (M) continues to pump with double digits, Bitcoin (BTC) is struggling for $ 111k: Weekendwork

After a gradual increase to more than $ 113,000 yesterday, the price of Bitcoin was confronted with immediate sales pressure and was pushed to the south with a few Grand before it settled at around $ 111,000.

Most alts with larger caps have not made any significant profit, apart from hype, which has risen to more than $ 47, and Ena, which has risen by 13%.

BTC stopped at $ 113.5k

The primary cryptocurrency tried to break out at the end of the previous business week, but the bears were quick to intercept the move and put it in its mark. As such, it actively fell from $ 113,500 to less than $ 107,500 within a day or so.

The next 48 hours were also painful, because Bitcoin was unable to recover one of the losses and marked a new multi-week low of $ 107.100 on 1 September. The Bulls eventually tried to perform at this point, and after some shaky performance, BTC drove from this local soil to more than $ 111,500 by Tuesday.

Another rejection followed, but this time it was less painful and Bitcoin slid to $ 109,000. The active went back to the offensive on Friday and rose to $ 113,500 after a weak job report in the US. However, that was a short -lived rally, because BTC immediately lost almost all profits in a drop to $ 110,400, which had more than $ 300 million in liquidations.

Since then it has calmed around $ 111,000, with its market capitalization just over $ 2.2 trillion on CG and his dominance over the alts with 56.5%.

Btcusd. Source: TradingView

M continues to pump

The undisputed Altcoin in terms of weekly (and daily) profits is again Memecore, which came in the top 100 digital assets a few days ago. M has risen by 14% in the last day alone and since this time last Saturday, and is now being traded at $ 1.57 with a market capitalization of more than $ 2.6 billion.

Ena follows the example, with an increase of 13% it brought it at $ 0.73. Pump and Hype are the following, with 10% and 4.5% respectively. CRO and BCH are also somewhat in the green, while the rest of the larger Cap-Alts has essentially stayed on the same levels as yesterday.

The total crypto market capitalization is stuck at $ 3,910 trillion on CG.

Overview of Cryptocurrency market. Source: QuantifyCrypto
Overview of Cryptocurrency market. Source: QuantifyCrypto
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Cryptocurrency -cards by TradingView.

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