So, the weekend was a bit of a rollercoaster. While most of the crypto world was tizzy, our good ol’ Bitcoin played it cool, holding steady above the $26K mark. But that’s not the whole story. Let’s dive in, shall we?
Last week, the crypto scene was shaken by one of the most significant long liquidation events since FTX’s unfortunate collapse. But Bitcoin, being the OG it is, didn’t let that ruffle its feathers. Over the weekend, it just chilled, with its price lounging comfortably over $26,000. Talk about staying calm in the storm!
But while Bitcoin was having its zen moment, XRP and Litecoin (LTC) were grooving to a different beat. XRP, feeling a bit under the weather, dipped by about 2%. On the flip side, LTC, after having its morning coffee, perked up by 2%. It’s always fun to see these two dance to their own rhythm!
Now, let’s talk about the drama queen of the week – Shiba Inu (SHIB). After a botched launch of its Ethereum layer 2 network, Shibarium, SHIB’s price took a nosedive, sliding 2%. And if you tally up the numbers, that’s a whopping 21% loss over the past week. Ouch!
But hey, it wasn’t all gloom and doom. Some altcoins like Optimism (OP) and roll it coin (RLB) were the life of the party. RLB, in particular, was on fire, jumping a staggering 18% in just 24 hours. Now that’s what I call a party animal!
To wrap things up, Michael Silberberg from AltTab Capital weighed in on the Bitcoin scene. He believes that despite the market’s sideways movement, many traders are betting big on Bitcoin’s price trajectory. So, while the crypto world continues its wild dance, Bitcoin remains the unflappable anchor, holding steady and strong.
