Dogecoin Soars by 9%, Shiba Inu Gains 5%
Bitcoin has remained above $28,000 despite a decline in weekend trading volumes, while larger-cap altcoins have largely stayed stable with the exception of Dogecoin and Shiba Inu. The week saw Bitcoin experience volatility including the asset dipping from over $28,000 to $26,500 before rising again to over $29,000, only to be pushed down again to below $27,600. BTC market capitalisation has since remained relatively stable at just under $550bn with dominance over altcoins at 46.3%. Ethereum has stood above $1,800 and Binance Coin has settled at $315 while Litecoin, Matic, Solana, and Tron have posted insignificant gains. Cardano has dropped by just over 1% while XRP has increased by under 3%. Market capitalisation of all crypto assets has been stuck at $1.185tn. HBAR’s daily gains mimicked those of Dogecoin, trading close to $0.08.