Cryptocurrency

Solana

Injective

Bitcoin

Avalanche

Bitcoin has finally calmed after the massive volatility mid-week and stands just above $29,000.
The altcoins are also sitting quietly today, with Solana being the only notable gainer from the larger caps.
<h2 id="btc-maintains-29k">BTC Maintains $29K</h2>
This past working week started rather calmly, as bitcoin continued trading sideways in a tight range of around $27,500. The landscape changed on Tuesday when the bulls initiated a massive leg-up that ultimately drove the cryptocurrency to $30,000.
However, that was short-lived as false panic surrounding the US government and Mt. Gox wallets brought the asset south hard. In fact, BTC erased all gains in minutes and slumped back down to $27,000.
As the news turned out to be fake, bitcoin went back on the offensive and <a href="https://cryptopotato.com/bitcoin-settles-at-29k-after-massive-3k-rollercoaster-market-watch/" data-wpel-link="internal">reclaimed</a> almost all losses this time. As such, it came inches away from tapping $30,000 yesterday but ultimately failed. Despite retracing by several hundred dollars since then, bitcoin still trades above $29,000.
Its market capitalization is close to $570 billion, while its dominance over the alternative coins has gained some ground again and is over 47%.
<figure id="attachment_248538" aria-describedby="caption-attachment-248538" style="width: 1834px" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2023/04/BTCUSD-24.png" data-wpel-link="internal"><img class="size-full wp-image-248538" src="https://cryptopotato.com/wp-content/uploads/2023/04/BTCUSD-24.png" alt="BTCUSD. Source: TradingView" width="1834" height="875" srcset="https://cryptopotato.com/wp-content/uploads/2023/04/BTCUSD-24.png 1834w, https://cryptopotato.com/wp-content/uploads/2023/04/BTCUSD-24-300x143.png 300w, https://cryptopotato.com/wp-content/uploads/2023/04/BTCUSD-24-1024x489.png 1024w, https://cryptopotato.com/wp-content/uploads/2023/04/BTCUSD-24-768x366.png 768w, https://cryptopotato.com/wp-content/uploads/2023/04/BTCUSD-24-1536x733.png 1536w, https://cryptopotato.com/wp-content/uploads/2023/04/BTCUSD-24-50x24.png 50w" sizes="(max-width: 1834px) 100vw, 1834px" /></a><figcaption id="caption-attachment-248538" class="wp-caption-text">BTCUSD. Source: TradingView</figcaption></figure>
<h2 id="inj-jumps-17-weekly">INJ Jumps 17% Weekly</h2>
The alternative coins faced similar volatility mid-week but have calmed in the past few days. Ethereum, for example, went to over $2,000 before it crashed below $1,800. However, the largest altcoin has reclaimed over $100 since then and currently sits just inches above $1,900.
Binance Coin also went up and down but now trades above $320, despite a minor daily decline. Cardano, Polygon, Litecoin, Shiba Inu, and Avalanche are also slightly in the red on a daily scale.
Ripple, Dogecoin, Polkadot, and Tron, on the other hand, have marked insignificant gains. Solana has jumped the most from the larger-cap alts, being up by 3% and sitting above $23.
ICP, which was <a href="https://cryptopotato.com/cro-icp-explode-11-bitcoin-maintains-29k-market-watch/" data-wpel-link="internal">yesterday&#8217;s top performer</a>, is on the move again, adding another 5.5% of value.
On a weekly scale, INJ has taken the main stage with a notable 17% increase. As a result, the asset trades close to $8.5.
The total crypto market cap has maintained the $1.2 trillion level amid the lack of substantial volatility since yesterday.
<figure id="attachment_248539" aria-describedby="caption-attachment-248539" style="width: 1881px" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2023/04/Allcoins-18.jpg" data-wpel-link="internal"><img class="wp-image-248539 size-full" src="https://cryptopotato.com/wp-content/uploads/2023/04/Allcoins-18.jpg" alt="Cryptocurrency Market Overview. Source: Quantify Crypto" width="1881" height="850" srcset="https://cryptopotato.com/wp-content/uploads/2023/04/Allcoins-18.jpg 1881w, https://cryptopotato.com/wp-content/uploads/2023/04/Allcoins-18-300x136.jpg 300w, https://cryptopotato.com/wp-content/uploads/2023/04/Allcoins-18-1024x463.jpg 1024w, https://cryptopotato.com/wp-content/uploads/2023/04/Allcoins-18-768x347.jpg 768w, https://cryptopotato.com/wp-content/uploads/2023/04/Allcoins-18-1536x694.jpg 1536w, https://cryptopotato.com/wp-content/uploads/2023/04/Allcoins-18-50x23.jpg 50w" sizes="(max-width: 1881px) 100vw, 1881px" /></a><figcaption id="caption-attachment-248539" class="wp-caption-text">Cryptocurrency Market Overview. Source: Quantify Crypto</figcaption></figure>
The post <a href="https://cryptopotato.com/injective-inj-up-17-weekly-bitcoin-btc-stable-above-29k-weekend-watch/" rel="nofollow">Injective (INJ) Up 17% Weekly, Bitcoin (BTC) Stable Above $29K: Weekend Watch</a> appeared first on <a href="https://cryptopotato.com/" rel="nofollow">CryptoPotato</a>.

Injective (INJ) Up 17% Weekly, Bitcoin (BTC) Stable Above $29K: Weekend Watch

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