HASH and TRUMP have lost the most value on a daily basis.
Bitcoin’s relatively quiet price action over the weekend continued as Bitcoin’s key gains saw a small rise to $111,000, where it encountered immediate resistance.
Most larger cap alts have suffered small losses in the past day, led by HYPE, BCH, HBAR, ZEC and TAO.
BTC tentatively stopped at $111K
The primary cryptocurrency started the business week on a strong note, with its price rising to just over $116,000 on Monday. After a small correction, it peaked above that line again on Tuesday, where it was stopped and pushed hard south.
By Wednesday, BTC had settled around $112,000 before the US Federal Reserve cut rates for the second straight time in recent months. Bitcoin responded with an immediate price drop that drove it south to $110,000 and even lower on Thursday when the value fell below $106,500.
At this point, the bulls finally acted and started a surge that pushed BTC to $111,500. However, that was another short-term rally and bitcoin has not been able to move higher since. Over the past few hours, it has been trying to get above $111,000, but so far without success.
Market cap has regained $2.2 trillion on CG, while dominance over alts has stalled at 58%.
Alts with losses
As mentioned above, most larger-capitalization altcoins have suffered small losses in the past 24 hours. BNB, SOL, DOGE, TRX, ADA, XLM and SUI are slightly in the red, while BCH is down over 4%. HBAR, HYPE and ZEC are down more than 2% daily.
In contrast, ETH, XRP, LINK and AVAX have posted insignificant gains, while XMR is up over 3%, the same as ICP.
The two biggest losers on a daily scale are HASH (-7.5%) and TRUMP (-6.5%). Nevertheless, the meme coin related to the POTUS is up 25% weekly.
The total crypto market capitalization increased slightly overnight and is above $3.8 trillion.
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