The gradual price repair of Bitcoin in the past week or so saw some resistance at $ 116,000, and the active has not reclaimed that level.
For a weekend trade, most altcoins are pretty slow with little to no movements in both directions. However, there are some exceptions.
BTC stays calm for $ 116k
The aforementioned price repair started at the start of the current month when Bitcoin dropped to a low of more than $ 107,000. The assets tested that support in just a few days at that time in just a few days.
The Bulls eventually succeeded in defending it and initiated leg-ups that BTC drove to more than $ 110,000 within a few days. It kept climbing and challenged $ 113,000 on 5 and 9 September, where it was confronted with immediate rejections.
Nevertheless, that level finally admitted to 1.0 September and BTC has not been looked back since then. Exactly the opposite, it kept getting up and knocked on the $ 116,000 door on Friday. The bulls pushed it past that level on Saturday morning and up to a highest highlight of $ 116,700, but the cryptocurrency could not move up.
It is driven to slightly less than $ 116,000 from the moment of the press, which is still impressive in view of the latest macro -economic developments and threats on the front of the US versus Russia/China from yesterday.
For the time being, the market capitalization of BTC is still above $ 2.3 trillion, while the dominance over the alts has restored some land and is up to 55.4% on CG.
Pump pumps
As mentioned above, there is little volatility of the larger CAP-Alts. Ethereum was stopped yesterday at more than $ 4,700 and is now below that level after a daily decrease of 1%. Link, Hype, XLM, TRX and ADA are also somewhat in red.
XRP, SOL, BNB, Doge and Sui, on the other hand, are with insignificant profit. M on the other hand, it has resumed its huge rally and is more than $ 2.5 after another 9% increase. WLFI has risen by 8% and is at $ 0.22.
Pump has stolen the show with a huge increase of 22% daily, which has pushed its price to $ 0.008.
However, the total crypto market capitalization has lost around $ 30 billion since yesterday and has fallen to $ 4,160 trillion on CG.
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