Stacks (STX) rises by 13 %daily, Bitcoin stops $ 29,000 (Market Watch)

Stacks (STX) rises by 13 %daily, Bitcoin stops $ 29,000 (Market Watch)

After the two -day price declines, Bitcoin finally went on the offensive hours ago, but was stopped before it reached $ 29,000

The old coins, although they are usually more volatile, have remained relatively quiet in the past few days, with little or no movements.

BTC fails at $ 29,000

The weekend was as quiet due to the low trade volume, and BTC was largely around $ 29,000. This was a welcome relief after the huge roller coaster ride, which occurred in the middle of the week when the asset was pumped and thrown off by $ 3,000 within a day.

When Sunday came to an end, the cryptocurrency went back to flight and approached the third time in less than a week of the $ 30,000 mark. As with the previous tests, however, he was stopped in his traces and Bitcoin was unloaded by almost $ 2,000 in hours.

The landscape worsened on Tuesday when BTC continued to fell to $ 27,650 (6-day low). At this point the bulls finally got in and quickly pushed Bitcoin back to $ 28,000. In the last 24 hours there was another increase in which Bitcoin approached $ 28,000.

The asset, however, could not overcome this level and is currently only a few centimeters below. Nevertheless, it still increased by about 2 % on this day, which has contributed to the fact that market capitalization has recaptured the $ 550 billion mark, while its dominance is fixed at 47 %.

It is worth noting that there will probably be more volatility during the day, as the US Federal Reserve is expected to raise interest rates again, which in the past has led to immediate price fluctuations on the cryptom market.

btcusd. Tradingview

stx increases in double digits

Ethereum, as well as most other old coins, were also traced back at the beginning of the week. The second largest crypto rose from around $ 2,000 to $ 1,800. He managed to defend the latter level, and a slight daily increase has so far made it to over $ 1,850.

Polygon, Tron, Litecoin, Avalanche and Shiba Inu are also slightly in the minus compared to the large cap-Alts. In contrast, BNB, SOL, XRP, ADA and Doge declined by minor percentages.

Even the Lower and Mid cap alternatives are relatively stable today. Stacks is by far the best performer that has risen by 14 % in one day.

Overall, the entire crypto market capitalization has recovered to $ 15 billion in one day, and the key figure is now $ 1.180 trillion.

Overview of the cryptocurrency market. Quantify crypto