Bitcoin has fallen below $ 60,000 again in the past 24 hours, but has recovered and is currently above. Most altcoins are also untypically calm this weekend, with ETH sitting north of $4,000. Shiba Inu, though, charted a new all-time high hours ago.
Bitcoin remains above $ 60,000
All crypto eyes over the past few weeks have been on the launch of the very first Bitcoin Futures ETF in the United States. After years of waiting, the Securities and Exchange Commission finally allowed such a product to go live, which happened on Tuesday with record trading volumes.
The anticipation of such an event caused a massive spike in the price of the underlying asset. BTC went from $57,000 to above $60,000 in days and kept climbing higher. That culminated on Wednesday when it broke the previous high of $ 65,000 and set a new one at $ 67,000.
Since then, though, the tides have turned to a large extent. Instead of heading further north, bitcoin has come back and even fell below $ 60,000 on two occasions in the past 48 hours. The last one saw BTC dipping to $59,600 (on Bitstamp).
For now, the cryptocurrency has gained ground and sits well above $ 60,000. Its market capitalization is still beneath $1.150 trillion, and the dominance over the alts is at 45% after reaching 47% just days ago.
ETH above $ 4000: SHIB New ATH
Ethereum also approached a new all-time high during the week, but failed and took a nosedive. As a result, it dipped below $4,000. However, a 2% increase on a 24-hour scale has now taken the second largest cryptocurrency to $ 4,100.
Aside from Solana, which has declined by nearly 4% since yesterday, most other larger-cap alts are untypically calm. Binance Coin and Chainlink posted minor gains, while Cardano, Ripple, Polkadot, Dogecoin, Terra and Avalanche are slightly in the red.
The situation with Shiba Inu is totally different. SHIB skyrocketed with more than 40% in a day and charted a new all-time high earlier today, as CryptoPotato reported.
Next in terms of payouts is the Curve DAO Token – 17%. Harmony (12%), Mina (11%), Nexo (10%), Zcash (10%) and Dash (10%) are next.
The cumulative market cap of all cryptocurrency assets has also remained at a familiar spot at just under $2.550 trillion.
