This past week in the cryptocurrency market saw Bitcoin (BTC) experience some volatility after weeks of sideways trading. On Monday, BTC dropped to a weekly low of $28,700, but the bulls quickly stepped in and pushed the price back up. By Wednesday, BTC reached a high of over $30,000, marking its highest price since July 23. However, the price failed to stay above $30,000 and eventually settled around $29,500. Interestingly, even the release of CPI numbers earlier in the week did not result in significant volatility, contrasting with previous patterns.
While BTC experienced moderate price movements, some altcoins performed exceptionally well. Solana, Chainlink, TONCOIN, HBAR, and OKB all saw gains ranging from 6% to 9% over the week. However, the standout performer was Shiba Inu (SHIB), which surged by more than 16% since the previous Friday and is currently trading above $0.00001. Another notable performer was Rollbit Coin (RLB), which gained over 76% in value, propelling it into the top 100 largest digital assets by market cap.
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