Unlike some of the previous weekends since the beginning of the year, this one has been fairly quiet for bitcoin, which is holding slightly above $23,000.
However, some altcoins have performed more impressively, including OKB and some memecoins.
SHIB, BabyDoge Flying Rocket
crypto potato reported massive daily Shiba Inu increase of more than 10% yesterday. However, the second largest memecoin is in the green once again on a daily scale. SHIB is up another 7.5% while its weekly gains are almost 30%, making it one of the best in the last seven days.
Among the few alternatives that have done better is another memecoin: BabyDoge Coin. The Dogecoin spin-off has skyrocketed roughly 150% in the same time period.
OKX’s native cryptocurrency has soared nearly 7% in the past 24 hours and hit another high of nearly $45. Ethereum, Binance Coin, Ripple, Cardano, Dogecoin, and MATIC are also slightly in the red against larger-cap alternatives.
Solana, Polkadot and Avalanche, by contrast, have posted smaller daily drops.
Total crypto market capitalization has added a few billion in a day and sits near $1.1 trillion on CMC.
Bitcoin Calm Above $23K
The main cryptocurrency saw increased volatility earlier in the month after the US Federal Reserve announced a 25 basis point hike in key interest rates once again.
At first, the asset was calm around $23,000. However, it dipped a few hundred dollars hours later before rocketing over $1,500 and hitting a new five-month high well above $24,000.
The bears intercepted the move at this point and pushed the asset south. As a result, BTC fell around $1,000 and has settled at around $23,300 since then.
Its market capitalization remains at roughly $450 billion, while its dominance over alts has shrunk to 41.5% as various alts have risen remarkably in the last week or so.
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