KAVA and Render Token, along with Conflux, surged with impressive double-digit gains in the last 24 hours.
Despite celebrating Bitcoin Pizza Day, the first real-world use of cryptocurrency, the market experienced a temporary setback as Bitcoin dropped to $26,600. However, it quickly reversed course and surged by approximately $1,000. In other news, ETH, MATIC, SHIB, TRX, and AVAX have seen a consistent daily increase of around 3%, while CFX stands out with an impressive rise of 16%.
Almost $30,00 Back in BTC As CFX Hits 16%
Glassnode, a cryptocurrency exchange, revealed Tuesday that principal cryptocurrency has been trading inside a narrow range for the previous week. On a few occasions in the past three years, according to the analytics platform, BTC’s 7-day price range dropped to 3.4%, however; Conflux (CFX) has surged to 16%, Bitcoin (BTC) Regaining $27K .
The price then moved dramatically in one direction after each occurrence. Glassnode predicted that there could be a great deal of volatility shortly.
But for now, the asset continues to trade within this range. Bitcoin pizza day was yesterday, and BTC fell to $26,600, near the low end of its content. At this point, the bulls stepped in, pushing the price north, where it has remained for several days, nearing $27,400.
Despite being unable to sustain its previous momentum, BTC is still trading above $27,000. Its market valuation is close to $530 billion, and its dominance over altcoins is around the same at 46.4%.
$1.8K in ETH, 16% in Conflux
Ethereum’s price has been relatively stable over the previous few days, like Bitcoin’s, but it has declined more slowly. In light of this, it was very near to dropping below $1,800. 24-hour gain of 2.5 percent has kept the second-largest digital asset from falling below $1,850 in price.
Among the larger-cap alts, price increases are visible for Polygon, Shiba Inu, Tron, and Avalanche. BNB, ADA, DOGE, SOL, LTC, and DOT stocks are also slightly up. Conflux (16%), KAVA (14%), and Render Token (11%) have seen the most daily percentage rises in price.
Market capitalization for all cryptocurrencies is back up to $1.140 trillion, a gain of about $20 billion daily, see statista.
