Bitcoin has remained relatively calm after the recent rollercoasters and sits below $39,000. Most altcoins are also in a similar position, with little-to-no decisive moves in either direction. Aside from ALGO, which soared by double digits, Terra and Avalanche are a few other coins with slight gains.
Bitcoin stalls below $39,000
The past few days have been rather intense for the main cryptocurrency, as the asset failed at $41,000 on April 26 and headed straight south. In just a few hours, he lost almost $3,000 and fell below $38,000.
Despite reacting well to this price drop initially and surging to above $40,000 once more, BTC was once again stopped in its tracks. As a result, it dropped to a two-month low a few days later at just over $37,000.
The bulls attempted to initiate a recovery session, which took BTC to around $39,000, as reported yesterday. However, bitcoin failed to break above that level and now sits below it.
Consequently, its market capitalization remains well below $750 billion, but its dominance over the alts is just over 42%.
ALGO leads, Terra follows
Altcoins have also been in better shape, with most of the larger caps posting insignificant gains now or slightly in the red.
Ethereum failed at $3,000 last week, and the subsequent rejection drove it south by around $250. It bounced off yesterday, and a minor daily rise now means that the second-largest crypto trades at $2,850.
Binance Coin, Solana, Cardano, and Dogecoin saw minor increases, while Ripple, Polkadot, and Shiba Inu saw slight declines.
Terra and Avalanche have increased the most from the larger cap alts, with approximately 4% each. As such, LUNA sits at $85, while AVAX is at $61.
Algorand is the biggest gainer with a massive 24% increase. This follows an impressive partnership with FIFA, which CryptoPotato reported earlier.
The crypto market cap sits relatively calm as well at around $1.750 trillion.
