Injectable Jumps 20% Weekly, Bitcoin Stalls Below $27K: Weekend Watch

Apart from a brief pump and dump to around $500 yesterday, bitcoin has been relatively stable at just under $27,000.

Although generally more volatile by nature, altcoins have also failed to produce any significant moves in the past days. Injection is among the few exceptions.

Bitcoin Stalls Below $27K

The cryptocurrency is trading with very little volatility following the heightened volatility late last week that resulted in BTC dumping below the two-month low of $26,000. Last weekend was mainly quiet as the asset recovered some losses and saw it spend around $27,000.

On Monday, the price saw a rally above $27,600, but it was short-lived. A day later, there was a massive drop in bitcoin. However, it started another leg up where it stalled at $27,500. This time, the rejection was even more violent and reduced the property south to $26,400.

Bulls stopped this move and did not allow further decline. They recovered some ground and bitcoin once again returned to familiar ground around $27,000. It pumped and dumped briefly yesterday but overall it is stuck at its current position.

As such, its market cap is still $520 billion, and its dominance over alts stands at 46.3%.

INJ shoots up 20% weekly

Similar to Bitcoin, most of the altcoins have also remained stable on the daily scale. ETH was close to dumping below $1,800 yesterday, but it has managed to defend that level and currently sits inches above it.

Binance Coin has slipped below $310 after a minor daily decline. Dogecoin, Polygon, Polkadot, Ripple, Shiba Inu and Avalanche are also slightly in the red.

Cardano, Solana, and Litecoin are down a bit more today with losses of up to 2% each.

In contrast, AGIX has entered the top 100 after a 15% daily jump. In case of KAVA and INJ daily profit – 7% each. Furthermore, INJ is up 20% in the last seven days.

However, the total crypto market cap on CMC is stuck at over $1.120 trillion.