Bitcoin maintains its price reactions around the $39K mark regardless of the slight price plunge under the $38K zone. LUNA gained 8% over the past day.
Bitcoin slumped slightly to hit a weekly low below $38K but regained the losses, returning to its familiar price regions near $39K. Today’s sessions had altcoins somewhat in the red territory, with some exceptions. LUNA led top gainers with its 8% 24hr increase.
BTC Witnessed a Weekly Low
Mid-last week session saw BTC initiating a surprising uptick following Biden’s executive order on crypto regulations, surging to approach the $43K mark. Nevertheless, the bellwether crypto could not sustain the northward trips, and bears jumped into the bandwagon.
The following hours saw Bitcoin losing over $3,000 of its value, plunging under $39K. The currency remained somehow stuck in this area, printing a few slight dumps and pumps. The latest dump emerged a dew hour ago as the leading crypto lost $1,500 to hit its lowest zone since 7 March at 437.5K. However, BTC rebounded and now hover at $39K again. That uptick emerged as Tesla executive Elon Musk declared he does not have plans to sell his Bitcoin, Ethereum, and Dogecoin holdings. Meanwhile, BTC’s market cap has stayed below $750 billion.
Terra Gains 8%
The altcoin market has been in similar conditions as Bitcoin, recording minor actions within the previous 24hrs. Ethereum struggles under the $2,600 mark following a slight dip to $2.5K earlier on the day. Ripple lost most of its price in the past day after leading the gainers before the weekend. For now, the remittance token trades with a 3.5% loss, sitting under $0.8.
Other alts slightly within the red territory are ATOM, CRO, MATIC, Shiba Inu, Dogecoin, Binance Coin, Avalanche, and Polkadot.
Meanwhile, Cardano and Solana recorded minor upticks. Terra led the upward journey, increasing by 8% within the past day. While publishing this article, LUNA trades beyond the $90 mark. However, the global cryptocurrency market cap surged nearly $50 billion since its earlier lows, hovering around $1.750 trillion. Geopolitical developments continue weighing on the overall financial space.
