It’s been a relatively calm 24 hours in the cryptocurrency market, with the majority of coins failing to gain any notable grounds. The opposite is also true – most of the altcoins trade in a state of equilibrium.
While this might oftentimes turn out to be a precursor to a considerable move in either direction, let’s have a closer look at how prices developed in the last day.The BTC price was consolidating around $60K yesterday, but the bulls managed to gain some footing and pushed it above $61K to where it currently trades at around $61,400.
With this, Bitcoin manages to chart an increase of around 0.8% on the day. The volume remains low, but this is within the expected norms for the weekend.Bitcoin’s dominance – the metric that gauges its share relative to that of the rest of the market – is currently at 50.8%, while ETH accounts for around 17% of the total market.This is all you need not to miss any price action in the raging crypto markets.
What is more, these specific meme coins have increased by a whopping 43% over the past week. Some notable mentions include Mog Coin and Popcat . All in all, the market remains in a neutral state, with the sentiment improving considerably since yesterday, according to the popular Crypto Fear and Greed Index.Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
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