Bitcoin extends dominance to Alts, since BTC is stable over $ 29,000: market observation

Bitcoin extends dominance to Alts, since BTC is stable over $ 29,000: market observation

The last days of April brought no significant price movements in both directions for Bitcoin, which remains north of $ 29,000

The old coins are also calm at the weekend because the trading volume has disappeared. However, the dominance of BTC has increased by a percentage.

BTC holds $ 29,000

This weekend resembles the previous one in relation to a lack of volatility, apart from the highest price point of BTC. The last Monday started with a jump from Bitcoin to $ 28,000, but that was short -lived, and the asset returned to $ 27,000.

It was only late Tuesday that the cryptocurrency began its ascent, it only drove it to $ 30,000 a few hours later. But the rejection at this point in time, even if driven by fake messages, drove them to the south by $ 3,000, and BTC returned to his previous price position.

The US bank problems pushed them back north, and Bitcoin knocked on the door of $ 30,000, but again without success. Since then, the asset has remained relatively stable at over $ 29,000, and the last two days were no exception.

The market capitalization of BTC has achieved $ 570 billion, while its dominance has recovered over 1 % since last week and is now over 47 %.

Btcusd. Tradingview

alts sit calmly

The trade volumes have been missing in the past weekends, and this is no exception. Therefore, most alternative coins have not produced any significant price movements in both directions.

ETH stays at $ 1,900 after it had fallen over $ 2,000 and below $ 1,800 in early this week. Binance Coin, Ripplecardano, Polygon, Shiba Inu and Avalanche are slightly in the minus.

In contrast, Dogecoin, Solana, Polkadot, Litecoin and Tron have recorded all insignificant day -to -day profits.

hbar is the only noteworthy winner among the top 50 alternatives.

Overall, however, even the alternatives with lower market capitalization are quiet today, which has not led to any movements in the overall market capitalization. The metric is centimeter over $ 1.2 trillion.

Overview of the cryptocurrency market. Quantify crypto