Bitcoin Price Battles at $21K, EOS Rises 20% (Market Watch)

Bitcoin continues to consolidate around the $21,000 mark after dipping below that level on several occasions yesterday.

Most altcoins are well in the green on a daily scale, with EOS emerging as the most impressive gainer after a double-digit price increase.

Bitcoin at $21K

The primary cryptocurrency fell hard last week, dumping from a multi-month high of over $25,200 to a multi-week low of under $21,000. All this happened in less than seven days.

As such, by the time the weekend arrived, the asset had calmed down and was mostly trading in a range between $21,000 and $22,000. The start of the current week also lacked some fireworks. Yesterday saw some price drops below $21,000, but BTC was able to recover those losses fairly immediately.

As of now, the cryptocurrency has jumped to over $21,000 and stands $500 north of it. Consequently, the market capitalization has managed to defend the level of 400 billion dollars. Its dominance over altcoins has also taken a hit and sits at just over 40%.

EOS steals the show

The altcoins went back a bit yesterday, but most have turned green today.

Ethereum had lost over $500 at one point after last weekend’s surge above $2,050. Now, however, the second largest crypto is trading safely above $1,600 after a daily gain of 5.5%.

Binance Coin is inches away from hitting $300 again after a minor price jump. Ripple, Cardano, Solana, Dogecoin, Shiba Inu and Avalanche are also in the green now.

Polkadot, Polygon and Avalanche have increased by more than 5% in one day. However, EOS is the most significant gainer from the mid-cap alts after a massive 21% increase. As a result, EOS is trading close to $1.8.

ATOM is another impressive performer, with a daily gain of 15% taking the asset to over $11.

Overall, the crypto market cap has remained above $1 trillion after adding $30 billion in a day.