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Bitcoin returned above $27,000 after a brief drop below that level yesterday following a minor daily increase.
The altcoins are also relatively quiet today, with Render Token, Synthetix, and Mas Network taking the main stage with double-digit pumps.
<h2 id="btc-reclaims-27k">BTC Reclaims $27K</h2>
Last week was a lot more volatile than this one, at least for one. The most significant price fluctuations came after the US CPI numbers for April came out on Wednesday. BTC first popped up from $27,500 to $28,400 before it slumped back down by almost two grand.
After a minor pump, the asset headed straight south once again, <a href="https://cryptopotato.com/ldo-explodes-13-btc-eyes-27k-after-new-2-month-low-weekend-watch/" data-wpel-link="internal">plummeting</a> to a two-month low on Friday at $25,800. The weekend was a lot more positive and less eventful as bitcoin returned to $27,000 and spent most of it there.
The start of this week saw a price jump to $27,600, but that was short-lived, and the cryptocurrency <a href="https://cryptopotato.com/xrp-rises-6-following-latest-sec-ripple-development-btc-slips-below-27k-market-watch/" data-wpel-link="internal">dropped</a> below $26,600 once again. However, the past 24 hours brought an increase of almost $1,000, and BTC now stands close to $27,500. This came after Tether <a href="https://cryptopotato.com/tether-will-buy-bitcoin-allocating-15-of-net-realized-operating-profits-regularly-in-btc/" data-wpel-link="internal">announced</a> a new policy that will allow it to purchase certain amounts of bitcoin.
As such, its market cap has returned to $530 billion, and its dominance over the alts is at 46.6%.
<figure id="attachment_251163" aria-describedby="caption-attachment-251163" style="width: 1834px" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2023/05/BTCUSD-17.png" data-wpel-link="internal"><img class="size-full wp-image-251163" src="https://cryptopotato.com/wp-content/uploads/2023/05/BTCUSD-17.png" alt="BTCUSD. Source: TradingView" width="1834" height="875" srcset="https://cryptopotato.com/wp-content/uploads/2023/05/BTCUSD-17.png 1834w, https://cryptopotato.com/wp-content/uploads/2023/05/BTCUSD-17-300x143.png 300w, https://cryptopotato.com/wp-content/uploads/2023/05/BTCUSD-17-1024x489.png 1024w, https://cryptopotato.com/wp-content/uploads/2023/05/BTCUSD-17-768x366.png 768w, https://cryptopotato.com/wp-content/uploads/2023/05/BTCUSD-17-1536x733.png 1536w, https://cryptopotato.com/wp-content/uploads/2023/05/BTCUSD-17-50x24.png 50w" sizes="(max-width: 1834px) 100vw, 1834px" /></a><figcaption id="caption-attachment-251163" class="wp-caption-text">BTCUSD. Source: TradingView</figcaption></figure>
<h2 id="rndr-shoots-up">RNDR Shoots Up</h2>
The altcoins are also slightly in the green on a daily scale. ETH has managed to defend the $1,800 level with a minor 1% increase. BNB is above $310, following a similar daily jump.
More gains come from the likes of Cardano, Polygon, Polkadot, and Uniswap from the larger-cap alts &#8211; all are up by 3-4% in a day.
The biggest gainers within this timeframe, though, are Render Token, Mask Network, and Synthetix. All three have soared by double-digits, with RNDR taking the main stage with a massive 20% surge.
The total crypto market cap has added around $15 billion in a day and is back above to $1.140 trillion.
<figure id="attachment_251170" aria-describedby="caption-attachment-251170" style="width: 1881px" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2023/05/Allcoins-12.jpg" data-wpel-link="internal"><img class="size-full wp-image-251170" src="https://cryptopotato.com/wp-content/uploads/2023/05/Allcoins-12.jpg" alt="Cryptocurrency Market Overview. Source: Quantify Crypto" width="1881" height="853" srcset="https://cryptopotato.com/wp-content/uploads/2023/05/Allcoins-12.jpg 1881w, https://cryptopotato.com/wp-content/uploads/2023/05/Allcoins-12-300x136.jpg 300w, https://cryptopotato.com/wp-content/uploads/2023/05/Allcoins-12-1024x464.jpg 1024w, https://cryptopotato.com/wp-content/uploads/2023/05/Allcoins-12-768x348.jpg 768w, https://cryptopotato.com/wp-content/uploads/2023/05/Allcoins-12-1536x697.jpg 1536w, https://cryptopotato.com/wp-content/uploads/2023/05/Allcoins-12-50x23.jpg 50w" sizes="(max-width: 1881px) 100vw, 1881px" /></a><figcaption id="caption-attachment-251170" class="wp-caption-text">Cryptocurrency Market Overview. Source: Quantify Crypto</figcaption></figure>
The post <a href="https://cryptopotato.com/bitcoin-pushes-past-27k-render-rndr-explodes-20-daily-market-watch/" rel="nofollow">Bitcoin Pushes Past $27K, Render (RNDR) Explodes 20% Daily: Market Watch</a> appeared first on <a href="https://cryptopotato.com/" rel="nofollow">CryptoPotato</a>.

Bitcoin Pushes Past $27K, Render (RNDR) Explodes 20% Daily: Market Watch

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