Dogecoin and Cardano posted the most significant gains in the past 24 hours, while bitcoin remains stuck at around $33,000.
After the most recent roller coaster, bitcoin’s difficulties continue as the asset appears to be stuck at around $33,000. While most altcoins also failed to produce significant gains, Cardano and Dogecoin jumped by impressive percentages.
Bitcoin for around $33,000
The past few days have reminded the community of the BTC’s increased volatility. The asset went from a high of $36,000 to $28,500 in a matter of hours, which became its lowest price in more than five months.
However, that wasn’t all, as it recovered more than $5,000 worth of value in hours, as per reported yesterday. Bulls continued to push up and bitcoin pumped to a daily high of just $35,000.
However, after several other bearish signals, the cryptocurrency reversed its trajectory once again. It dropped about $2,500 and, despite recovering a few hundred dollars since then, it is currently fighting for just under $33,000.
Its market dominance has also decreased by 0.5% since yesterday as some alternative currencies posted impressive gains.
Cardano and Dogecoin
Most alts mimicked BTC fluctuations over the past few days and stagnated or retraced over the past 24 hours. Ethereum, which fell below $1,700 and rose again to more than $2,000, has fallen 4% since yesterday. As a result, the second-largest cryptocurrency costs just over $1,900.
Ripple (-1.5%), Polkadot (-4%) and Uniswap (-5%) are also in the red, while Bitcoin Cash and Litecoin posted smaller gains.
Binance Coin rose 2.5% to just $300. However, Cardano and Dogecoin exhibited the most significant gains among the top ten cryptocurrencies by market value. DOGE jumped 7% to US$0.23, while ADA rose 5% to above US$1.3.
Klaytn has the most impressive performance in the last 24 hours after a 35% increase. This comes after the news that he was listed on Binance Launchpool.
More earnings come from Ankr (22%), Quant (20%), TRON (15%), Bitcoin Gold (11%) and Huobi Token (10%). In contrast, Aave (-12%), Compound (-11%), Maker (-11%), NEAR Protocol (-10%) and RUNE (-10%) decreased by double digits.