Bitcoin (BTC) experienced a late-week surge and subsequent dip. But Bitcoin (BTC) has once again settled around the $26,000 mark, echoing a pattern seen in recent weekends.
The altcoin landscape has also been relatively subdued, with standouts among the larger-cap options being XRP and SHIB, which have demonstrated noteworthy performance.
August 17 witnessed one of the year’s most challenging trading days for Bitcoin, as the leading digital asset plummeted by over $3,000 to establish a two-month low just above $25,300.
However, it rebounded swiftly, reclaiming the $26,000 threshold by the weekend.
Subsequent days remained relatively uneventful for BTC, exhibiting limited directional movement. An observable price drop occurred midweek, swiftly followed by a surge to a six-day peak at $26,800.
Despite this, the $27,000 level remained elusive, resulting in a retracement back to $26,000 by the week’s end.
The past 24 hours have also been marked by a lack of significant shifts, maintaining the cryptocurrency’s value at approximately $26,000.
Much like Bitcoin, most altcoins have mirrored its trajectory over the past 10 days. They underwent a dip last week, and attempted recovery in the ensuing days, but largely traded sideways.
The last 24 hours have continued this trend of relative calm. Modest daily gains can be noted among prominent coins such as Ethereum, Binance Coin, Ripple, Dogecoin, Tron, Polkadot, Shiba Inu, and Litecoin.
However, Cardano and Solana have bucked this trend, experiencing around a 2% decrease in value over the day. Consequently, ADA now hovers at $0.25, while SOL teeters close to slipping below the $20 mark.
On the flip side, SUI emerges as the top daily performer, surging by 9%. This asset has also recorded a 20% increase in the past week, mirroring the performance of Shiba Inu’s BONE.
