Dogecoin soars 9%, Shiba Inu 5%

With trading volumes declining over the weekend, Bitcoin stalled but remained above $28,000.

Most of the larger-cap altcoins are in a similar position, apart from Dogecoin and Shiba Inu. HBAR is also fine in green.

BTC settles above $28K

The massive volatility bitcoin faced last week sent assets unloading from over $28,000 to $26,500 within hours on Monday as the US CFTC went after Binance. However, that was just the beginning of the roller coaster week that took BTC to over $29,000 just a few days later.

However, the bears also intercepted this move and pushed the cryptocurrency south, resulting in the price falling below $27,600 on Friday. As Saturday approached, bitcoin regained some ground and settled above $28,000.

The past 24 hours have been predominantly quiet, with BTC in a tight range between $28,400 and $28,600. Naturally, this means that its market capitalization has held relatively steady at just under $550 billion. Its dominance over altcoins is also essentially in the same place as yesterday: 46.3%.

DOGE, SHIB post notable gains

Most of the altcoins have also calmed down on a daily scale now. This includes ETH above $1,800, BNB at $315, while LTC, MATIC, SOL, and TRX have posted negligible gains.

Cardano is down just over 1%, while XRP is up less than 3%. Dogecoin and Shiba Inu are the top two players of the larger-cap alternatives. The original memecoin has soared almost 9% and sits above $0.08, while SHIB is up just over 4% and is trading at $0.000011.

HBAR’s daily gains mimic those of Dogecoin, with the asset trading near $0.08.

However, the cumulative market capitalization of all crypto assets has remained stuck at $1.185 trillion as most alt assets sit quietly today.