bitcoin price movements remain somewhat disappointing over the past few days as the asset remains calm at just under $38,000.
Most altcoins are also slower today, with smaller gains recorded by Chainlink and Tron from the largest caps.
btc Stagnates Below $38K
bitcoin‘s week was quite volatile, driven by recent developments on the Binance and US authorities front. The Department of Justice announced a massive settlement agreement with the world’s largest exchange in which the latter paid 4,300 million dollars without admitting guilt, and its CEO and founder, Changpeng Zhao, had to resign from his position.
In response, btc fell to a weekly low of $36,600 before immediately bouncing back $1,000. More swings followed, with the culmination coming on Wednesday, when bulls began a notable advance that took bitcoin to an 18-month high of $38,500.
However, the asset failed to maintain its momentum and retreated to below $38,000, where it has been stuck for the past few days.
This means that its market capitalization has remained stagnant at $740 billion, as has its dominance over altcoins at 51.3%.
This week’s top winners
Like btc, most altcoins went through a volatile rollercoaster in recent days, but most have calmed down now.
The outlook on a daily scale shows minor losses for XRP, BNB, SOL and DOGE, while eth, ADA, AVAX, MATIC and DOT have negligible gains.
The most substantial daily jumps come from Chainlink and Tron, as both are up around 3%.
On a weekly basis, BLUR has emerged as the top gainer. The native token of the nft platform has soared more than 70% and stands at $0.6. STEPN (34%), ApeCoin (30%), MINA (30%) and Klaytn (27%) follow suit.
The total crypto market capitalization has added a few billion overnight and is approaching $1.45 trillion on CMC.
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