After falling to its January 2021 all-time high of around $42,000, bitcoin has maintained that level following a relatively still trading day. The altcoins are also untypically calm today, with Monero being among the few exceptions and XMR tapping a three-month high.
Bitcoin remains above $42,000
It is safe to say that the main cryptocurrency has seen better days as it attempted to break above $47,000 earlier this week. However, it failed twice when the bears returned to the scene and pushed the asset south.
As reported over the week, BTC first dropped to $45,000 before another nosedive took it down to $43,000. After bouncing off and adding a grand, bitcoin started plummeting again yesterday and fell to a 17-day low of just over $42,000.
Since then, the cryptocurrency has regained some traction and approached $43,000 a few hours ago. It has yet to cross that line and is now a few hundred dollars lower.
Nevertheless, its market capitalization remains above the coveted $800 billion level.
XMR leads the way
Altcoins suffered just as much as bitcoin yesterday, but most calmed down today with minor gains. Ethereum fell $300 in a few days to hit $3,200, but remained above that line after a slight rise.
Binance Coin, Ripple, Solana, Terra, Cardano, and Polkadot are also slightly in the green. Dogecoin and Shiba Inu – the two largest memecoins by market cap – have jumped by more than 3% in a day to $0.15 and $0.000025, respectively.
Cardano and Near Protocol are the only two larger cap alts with minor declines.
Monero has stolen the show from the mid-cap altcoins with an 8% increase. As a result, XMR jumped to its highest price line since early January at $240.
The crypto market cap, down $200 billion in less than a week, is still below the $2 trillion level.
