Trading volume at monthly lowest levels when Bitcoin is among $ 21K

This weekend is quite similar to the previous one since there is little or no significant movement in the crypto market. Bitcoin has stopped around $ 21,000, while most altcoins are only slightly in the red as the trading volume has fallen to a monthly low.

Bitcoin is stuck at $ 21K

As last weekend drew to a close, including Monday, the United States’ national holiday, the primary cryptocurrency went on the offensive and rose to $ 20,000. It took a few tries, but it eventually broke above that level and continued to chart new highs in the following days. .

Thursday saw the most significant price increase as BTC jumped to just $ 22,500. This was the asset’s highest price level since mid-June.

The bulls were expecting a new leg at this point, but failed and bitcoin went back a few hundred dollars. Yesterday it fell below $ 22,000 and is now at just over $ 21,000.

However, it is worth noting that the total trading volume fell yesterday to the lowest level in just over a month, according to Bitcoinity.

Despite the smaller daily retracement, BTC’s market value is still over $ 400 billion, and dominance over altcoins is just over 43%.

Altcoins stand still

Typically known for their higher volatility levels, altcoins have performed quite unexpectedly in recent days with little or no movement.

Ethereum has lost around 3% of its value in the last day and has fallen below $ 1200. Just a few days ago, the asset charted a multi-week high of well over $ 1,250.

BNB, Solana and Polkadot are down by similar percentages in one day to below $ 240, below $ 40 and $ 7.1, respectively.

Ripple, Cardano, Dogecoin, Tron and Avalanche are also slightly in the red, while Shiba Inu is up a little over 1%. Litecoin has earned the most on the larger companies with an increase of 4%.

The cumulative market value of all cryptocurrencies is at almost the same level as yesterday, just under $ 950 billion.