Bitcoin Taps $27K, Solana 5% Daily (Weekend Watch)

Unlike the past few weekends, this is proving to be more positive for bitcoin, which climbed above $27,000 earlier today.

Altcoins are also trading in the green today. SOL was among the most notable gainers with a 5% increase, which helped it reclaim $20.

BTC above $27K

The past week hasn’t been so great for the primary cryptocurrency, especially after the latest rejection to $27,500 recorded on Tuesday. Over the next few days, the bears took complete control of the market, pushing it to a two-week low of $25,900 by Thursday.

The scenario began to change as the working week ended, and BTC quickly reclaimed $26,000. It even rose to around $27,000 on Saturday, but was stopped there first.

However, bulls inspired a more impressive price rally on Sunday morning, which took the cryptocurrency to a multi-day high of $27,300. Despite a slight pullback since then, bitcoin is still up about 2% on the day.

Thus, its market capitalization has approached $530 billion, and its dominance over altcoins has increased slightly to 46.4%.

SOL jumped 5%

Alternative coins also surged during the weekend, in contrast to what has happened in the past.

Ethereum slipped below $1,800 during the week but managed to reclaim and retrain that level. Another minor increase on the daily scale has pushed the second largest crypto to $1,850. Binance Coin, Polygon, Dogecoin, Tron, Polkadot, Litecoin and Avalanche are up somewhere between 0.5% and 2% on the day.

More gains from large-cap alts come from Cardano, Shiba Inu and today’s top performer – Solana. SOL is up almost 5% and is currently trading above $20.

Most lower- and mid-cap alts appeared green today, adding $15 billion to the total crypto market cap and sitting close to $1.140 trillion. The metric had fallen below $1.1 trillion just a few days earlier.