Lido The DAO (LDO) Soars 17% Weekly, Bitcoin (BTC) Maintains $27K (Weekend Watch)

Bitcoin Stuck Over the Weekend Amid Low Trading Volume But Still Above $27,000.

Altcoins are also quiet on the daily scale, but many – such as LDO, INJ, and QNT, have posted massive weekly gains.

BTC flat at $27K

It was less than a week ago, on Monday, when the primary cryptocurrency started a massive leg-up, resulting in a three-week high at $28,500. This came after an initial agreement by the US government regarding the nation’s debt ceiling.

However, the asset failed to continue its upward move and returned to $28,000 by Tuesday. On Wednesday, there was a significant drop in the price of $1,000, which was followed by a similar drop a day later. Finally, BTC declined below the weekly low of $26,600 on Friday morning.

The bulls managed to halt this move and helped bitcoin recoup some losses by the time the weekend arrived. The past two days have been relatively uneventful, as the cryptocurrency has remained stuck above $27,000 amid typically low weekend trading volumes.

As a result, the total capitalization of BTC is still $525 billion, and its dominance over alts remains the same as yesterday – 45.9%.

LDO, INJ, QNT post weekly gains

Large-cap altcoins have mimicked the performance of BTC during the weekend, which means less-volatile moves. Despite minor daily jitters, ETH is still standing at exactly $1,900 after moving up and down from that level during the week.

Binance Coin, Ripple, Dogecoin, Polygon, Litecoin, Shiba Inu, and Avalanche have all added less than 1% over the past 24 hours. ADA, SOL and DOT are up somewhere between 1-2%.

Yesterday’s best performer – TRON – fell almost 5% today. Looking at the chart on a weekly scale gives a different picture for many options. Lido DAO, Inject and Quant are all up more than 15% over the past seven days.

Overall, however, the crypto market cap has been relatively sluggish over the past two days and sits close to $1.150 trillion.