Bitcoin attempted to withdraw $39,000 but was stopped and fell to its current level of around $38,000. Most altcoins are fluctuating slightly less today, with Ethereum rising to $2,600. Chainlink and Axie Infinity are among the top performers.
Bitcoin Stands Still at $38K
It was just a few days ago when the primary cryptocurrency dropped two consecutive times to $35,500 after failing to overcome $36,000. However, the bulls stepped up at this point and pushed the asset north.
BTC recovered the aforementioned level and, after a brief retracement, went on the offensive again. This time the rise was more gradual than sudden and bitcoin hit $38,000 as reported yesterday.
In the following hours, the asset kept climbing. As a result, it went to a daily high at nearly $39,000. However, it failed to break above that level and, as of now, has declined by several hundred dollars.
Nonetheless, its market capitalization remained above $700 billion after falling below that level earlier this week.
LINK and AXS Take the Lead
The alternative coins registered impressive gains yesterday, and most have calmed today. Ethereum continues with its recovery session as the second-largest crypto dipped to $2,000 earlier this week. Now, though, ETH stands above $2,600 after another minor daily increase.
Binance Coin and Terra fell slightly since yesterday, but Cardano, Ripple, Polkadot, Dogecoin, Avalanche and Shiba Inu saw minor gains.
The most significant price increases from the larger-cap alts come from coins like Chainlink and Axie Infinity. Both assets have increased by around 10% in a day.
More gains come from small and mid-cap altcoins. Flow leads the way with a 20% increase, followed by Arweave (15%), Convex Finance (13%), Tezos (10%), Synthetix Network Token (9%) and Pocket Network (9%).
The cryptocurrency market cap has remained relatively still, and it stands above $1.7 trillion.
