Price: $0.38948 4.3181%
Market Cap: 57.21B 1.7437%
Volume (24h): 8.07B 0.4%
Dominance: 1.7437%
Price: $0.38948 4.3181%
Market Cap: 57.21B 1.7437%
Volume (24h): 8.07B 0.4%
Dominance: 1.7437% 1.7437%
  • Price: $0.38948 4.3181%
  • Market Cap: 57.21B 1.7437%
  • Volume (24h): 8.07B 0.4%
  • Dominance: 1.7437% 1.7437%
  • Price: $0.38948 4.3181%
Home > Information news > Injective (INJ) Skyrockets 75% Weekly, Bitcoin (BTC) Stalls Around $43K (Market Watch)

Injective (INJ) Skyrockets 75% Weekly, Bitcoin (BTC) Stalls Around $43K (Market Watch)

Release: 2023/12/21 16:49 Reading: 605

Original author:CryptoPotato

Original source:https://cryptopotato.com/injective-inj-skyrockets-75-weekly-bitcoin-btc-stalls-around-43k-market-watch/

Bitcoin’s price failed to overcome $43,000 decisively and was later pushed down south by over a grand, but it has recovered most losses as of now.

Some larger-cap altcoins, such as BNB, SOL, and AVAX, have posted impressive gains over the past day, while ADA and DOGE have retraced slightly.

BTC Returns to $43K

After a relatively quiet weekend in which it failed to overcome $43,000 and traded mostly around $42,000, bitcoin’s start of the business week was quite painful. The asset slumped by approximately two grand and fell to $40,600 for the first time in 5-6 days.

However, the bulls managed to intervene at this point and didn’t allow a break below $40,000. Just the opposite, they initiated an impressive leg up that resulted in surging to $43,500 on Tuesday.

The cryptocurrency failed to keep up its momentum and found itself slipping beneath $42,000 hours later. As of now, though, it has recovered almost all of its daily losses and stands close to $43,000.

Consequently, its market capitalization has declined to just under $440 billion, but its dominance over the alternative coins has remained strong at over 52%.

INJ Keeps Rising

The past 24 hours brought some increases for a few larger-cap alts. This is the case with Binance Coin, which, amid the latest company settlement with US authorities, has soared by 5% and sits close to $260. Solana (3%) and Avalanche (4%) are also up daily.

In contrast, Ethereum, Cardano, and Dogecoin have lost somewhere between 1-2% in the same timeframe.

Near Protocol, Stacks, and Sei have risen the most from the top 100 alts, with gains of up to 17% in the case of NEAR.

On a weekly scale, Injective’s native token stands out with a surge of 75%. In the past 24 hours alone, INJ is up by 11% and trades above $11.

The total crypto market cap has retraced slightly but is still above $1.6 trillion on CMC.

The post Injective (INJ) Skyrockets 75% Weekly, Bitcoin (BTC) Stalls Around $43K (Market Watch) appeared first on CryptoPotato.

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