Over the past week, Bitcoin (BTC) has maintained a relatively stagnant price, hovering around $26,500. Historically, BTC has shown little movement during weekends, and this trend has continued. However, on Monday, the bulls entered the market and pushed the price above $27,400. BTC briefly touched a 20-day peak at just over $27,500 on Tuesday before experiencing a retracement. On Thursday, the price dropped to a three-day low of $26,400. Despite some minor fluctuations, BTC has remained within the range of $26,500.
While BTC has been relatively quiet, some altcoins have seen more exciting price action. Chainlink (LINK), in particular, has experienced a significant surge over the past week, making it one of the best performers among the top 100 altcoins. LINK has seen a 15% increase in value, while other altcoins such as Solana, Tron, Bitcoin Cash, Dogecoin, and Shiba Inu have also seen minor gains. However, THORChain (RUNE) has experienced a decline of 10% within the same timeframe.
Overall, the cryptocurrency market has seen some minor losses, with Ethereum, Binance Coin, Ripple, Cardano, Polkadot, Polygon, and Litecoin all experiencing slight decreases in value. The total cryptocurrency market cap has also decreased compared to the previous day and currently stands at under $1.060 trillion.
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