Ripple (XRP) Rises 21% Weekly, Bitcoin (BTC) Stalls Above $27K: Weekend Watch

Trading volumes have decreased over the weekend, resulting in BTC failing to produce any significant moves in either direction.

Altcoins have also stalled on a daily scale, while XRP has emerged as one of the best performers over the past seven days.

Bitcoin Drilling to $27.5K

A lot has happened in the cryptocurrency industry in recent weeks, and bitcoin has somewhat expectedly taken a break now.

The asset exploded from under $20,000 to over $28,000 during the US banking crisis, which actually spread to Europe, with UBS having to buy Credit Suisse and Deutsche Bank shares. The Fed’s latest rate hike on Wednesday brought more volatility to BTC, which dumped $2,000 in hours.

However, the bulls came back to play almost immediately, and bitcoin briefly rose above $29,000 on Friday. After charting another 9-month high above this level, the cryptocurrency retreated below $28,000, where it has remained for the past few days.

The market capitalization has remained below 540 billion dollars, while the dominance over altcoins stands still at 46.2%.

XRP up 21% weekly

With the declining trading volumes across all charts, it is somewhat expected that altcoins have remained relatively stable on a daily scale. Ethereum is trading near $1,800 after a minor increase of 1.3%. Similar gains are evident from Binance Coin, Dogecoin, MATIC, Solana, Litecoin, Tron and Avalanche.

Ripple is the only top 10 altcoin with a more notable price increase. XRP is up nearly 4% in a day and more than 21% over the past week. As such, the asset stands just above $0.45.

ARB has recouped some of yesterday’s losses, jumping 6.5% to nearly $1.3. LDO, XMR and XLM are the other top performers from the midcap alts as they are all up around 3%.

The total market cap for crypto is in the same place as yesterday at $1.150 trillion.