Avalanche shoots 14 %, Bitcoin Calm at $ 23,000 (Weekend Watch)

Avalanche shoots 14 %, Bitcoin Calm at $ 23,000 (Weekend Watch)

Bitcoin initiated another upward movement late Friday and tapped $ 23,500, but was stopped in its lanes and has returned to familiar terrain.

Most old coins have recorded more impressive profits, led by Avalanche, Matic, OKB, Dogecoin and others.

Bitcoin goes back to $ 23,000

It was last week when the primary cryptocurrency of $ 21,000 exploded to a multi -month high of over $ 23,000. This consolidated the positive start of the facility into the new year, in which it has already been shot by around 40 %.

The last seven days were less volatile, apart from a pricing pump on Wednesday evening. In this case, BTC jumped to $ 23,800 for the first time in over four months. However, the bears caught the movement and pushed Bitcoin to the south almost immediately.

All eyes were directed towards the USA on Thursday and Friday. The biggest economy in the world announced the GDP date on Thursday and the PCE numbers a day later, but that did not bring any great fluctuations for Bitcoin.

Nevertheless, the asset experienced a small price jump to $ 23,500 on Friday, but could not go up. At the moment it is around $ 23,000, but its market capitalization is over $ 440 billion.

its dominance over the old coins was slightly reduced to 42.1 %, since most old coins have recorded remarkable profits in the last 24 hours.

BTCUSD. Tradingview

Avax, Doge, Matic on the advance

As mentioned above, many old coins have exceeded Bitcoin on a daily basis, led by Avalanche. Avax has shot about 14 % and has reached a local maximum of over 20 $.

Dogecoin, polygon and OKB are the other impressive winners of the large cap alternatives. Doge and Matic rose by about 5-6 %, while OKB rose by 7.5 % to almost $ 40.

On the other side Binance Cointher, Ripple and Cardano are calmer today, with minor climbs.

The cumulative market capitalization of all crypto assets has increased about $ 10 billion in one day and currently exceeds $ 1.050 trillion.

Overview of the cryptocurrency market. Quantify crypto