ATOM is today's top performer from the larger-cap alts, with a 6% daily increase.
After sitting quietly for days, bitcoin went on a rollercoaster yesterday after the US announced the CPI data for April.
The altcoins felt similar volatility, but most are trading slightly in the red now on a daily scale.
BTC’s Pump and Dump
After failing to overcome $30,000 on Saturday morning and being pushed back down by a grand, BTC had a relatively quiet weekend without any major moves in either direction. The landscape changed on Monday and Tuesday when the asset fell to $28,000.
However, the cryptocurrency plummeted by over $1,500 in minutes shortly after, dumping to a 6-week low of under $27,000. The volatile rollercoaster continued in the following hours but in the opposite direction.
As of now, BTC stands where it sat yesterday – at around $27,500. Its market cap is still just over $530 billion, while its market cap is inches away from 47%.
ATOM Defies Market Sentiment
The altcoins experienced similar price fluctuations yesterday, but the overall situation today is that they are with minor losses.
Ethereum also headed toward $1,900 during the pump phase of the CPI announcement but plummeted to under $1,800 hours later. It trades slightly above the latter as of now.
Binance Coin, Ripple, Dogecoin, Polygon, Tron, and Shiba Inu are also slightly in the red on a daily scale. Cardano, Solana, Polkadot, and Litecoin, on the other hand, are with insignificant gains.
ATOM is the only notable gainer from the larger-cap alts. It has jumped by roughly 6% in the past 24 hours and trades above $10.
The total market cap is still at $1.130 trillion after losing $70 billion in the past week or so.