Stacks rise by 115 %weekly, Bitcoin is targeting $ 28,000: weekend observation

Stacks rise by 115 %weekly, Bitcoin is targeting $ 28,000: weekend observation

Bitcoin has initiated another increase in the last 24 hours, which was led near $ 28,000 for the first time since June 2022.

The old coins are also well in the green area, with ETH reclaimed $ 1,800, while Sol, Uni, Avax and ETC by up to 14 %.

BTC reaches another 9-month high

The US banking crisis, which later also extended to Europe, harmed Bitcoin course development at the end of last week when the asset fell less than $ 20,000 for the first time in two months. At the beginning of the new week, however, the landscape began to change.

Bitcoin started adding a few giants every day, which meant that it broke over $ 26,000 on Tuesday. After her initial retracement to $ 24,000, the cryptocurrency started again on Thursday and Friday.

The last 24 hours brought another price boost. This time BTC rose over $ 27,000 and was even only centimeter away from tapping $ 28,000. This has been the highest price since June 2022.

Although Bitcoin could not get back this level and fell by a few hundred dollars, Bitcoin is still over $ 27,000 and rose by 4.5 % that day. Its market capitalization has reached $ 530 billion, while its dominance over the old coins is just over 45 %.

BTCUSD. Tradingview

stacks, conflux and mask network steal the show

The old coins have also recorded impressive profits, led by the largest. ETH has increased by over 5 % in the last 24 hours alone and has recalled $ 1,800 for the first time.

Binance Coin, Ripple, Cardano, Matic, Dogecoin, Polkadot, Shiba Inu and Litecoin increased up to 5 % in one day. Further profits come from people such as Solana, Avalanche, Uniswap, Leo and Ethereum Classic. ETC on a daily basis has increased by more than 13 %.

Nonetheless, the significant price increases from the low-cap alternatives come. Mask Network, Conflux, Magic, Dydx and Stacks shot up 20 % to 45 % in one day. Stx, CFX and mask have increased three digits in the weekly comparison.

With all of these profits, it is no wonder that the crypto market capitalization rose by a further $ 40 billion in one day and is $ 1.170 trillion.

Overview of the cryptocurrency market. Quantify crypto