Injective (inJ) increases by 60 %weekly, Bitcoin stagnates over $ 30,000 (market observation)

Injective (inJ) increases by 60 %weekly, Bitcoin stagnates over $ 30,000 (market observation)

Due to the lower trade volume at the weekend, Bitcoin has stalled by about $ 30,000, but still stays above this level.

Most old coins also sit calmly, with ETH being at $ 2,100. Inj, however, has shot up weekly.

BTC stagnates

The past week was quite eventful for the primary cryptocurrency despite its sluggish start. BTC stayed $ 28,000 on Monday, similar to last weekend, but the landscape began to change during the day.

The bulls initiated an upward trend that led to BTC climbing to $ 29,000. In contrast to the previous attempts to overcome this level, it was successful, and Bitcoin shot over $ 30,000 for the first time since June 2022. Then came the US CPI announcement, which rose the asset again to $ 30,500.

That was only short -lived and BTC decreased by $ 500 within minutes. Another price increase came on Friday when Bitcoin jumped and just over $ 31,000 to mark a new ten -month high.

The following two days were much quieter and BTC remained between $ 30,000 and $ 30,500 in a narrow range. Its market capitalization remains less than $ 600 billion, while its dominance compared to the Alts is 46.1 %.

BTCUSD. Tradingview

weekly profits from inj

Most old coins also recorded impressive profits during the week, but have now calmed down. After the successful completion of the Shapella update, Ethereum was at the forefront. ETH was traded at $ 1,900 at the time and rose over $ 2,100 to mark an 11-month high. Although the ETH is now slightly in the minus, it is still being traded at about this level.

The rest of the larger cap alternatives are also quiet. Binance Coin, Ripplecardano, Dogecoin, Matic, Solana, Polkadot and Litecoin are also easy in minus or with slight growth.

Shiba Inu has jumped the most of the top 10 of the greatest cryptocurrencies. Shib has increased by over 3 % and is $ 0.000012.

Injective has increased almost 10 % in the last 24 hours and almost 60 % in the week comparison. As a result, Inj is traded over $ 8.5.

The cumulative market capitalization of all crypto assets was essentially on the same stand as yesterday at almost $ 1.3 trillion at CMC.

Overview of the cryptocurrency market. Quantify crypto