Tron Explodes 10% Daily, Bitcoin Holds Stable at $27K (Weekend Watch)

The bitcoin price has recovered to around $27,000 after falling below that level on a few occasions during the working week.

Most of the altcoins are also quiet today, apart from Tron, which has soared in double digits.

BTC cool at $27K

Although Monday started on an overwhelmingly positive note, the week hasn’t been as great for the asset after the US government debt ceiling deal and BTC hitting a two-week high of $28,500.

It was rejected there, which brought it back to the first $28,000. However, this was followed by a massive drop in the price which pushed it south towards $27,000. The next two days saw some further declines in the price, the second of which saw BTC reach a weekly low of $26,500 on Friday.

Nevertheless, BTC managed to bounce back sharply and recovered to $27,000 by the end of the day. It has remained relatively stable since then and currently sits inches above that line.

Thus, the market capitalization of cryptocurrency remains at the same level as yesterday – just over $525 billion. Its dominance on alts, however, has taken another minor hit and is down to 46%.

TRX steals the spotlight

Similar to bitcoin, altcoins have also turned quiet on the 24-hour scale. Ethereum drifted south of $1,900 during the week, but has managed to reclaim that level after some minor daily gains in a row.

Ripple and Cardano are up by around 1-2% over the past 24 hours, while DOGE, SOL, LTC and DOT are up by less than 1% each.

Tron, on the other hand, has grabbed headlines with a 10% daily jump. As a result, TRX is trading around $0.085.

The native token of Lido DAO also increased by an impressive percentage – 5%. As a result, the LDO has moved closer to $2.3.

The total crypto market cap has added nearly $10 billion in a day and is close to $1.150 trillion.