Trading Volumes Reach Monthly Lows As BTC Stalls At $21K

The trading volumes reach monthly lows as BTC Stalls near the $21K level and remained stuck below it and most altcoins produced smaller minor daily drops as we can see more today in our latest cryptocurrency news.

The weеkend resembles a lot like the previous one as there are almost no bigger price movements in the marekt but BTC stalled near $21,000 while most altcoins are in the red and the trading volume dropped to a monthly low. As the last weekend was coming to an end during the US national holiday, the leading cryptocurrency went off the offensive and surged to $20,000 and took a few attempts but then broke above this level and kept charting more heights in the next few days.

There were some bigger price increases on Thursday as BTC jumped to below $22,500 and this became the asset’s highest price level the bulls were expecting another increase but then failed and BTC retraced by a few hundred dollars and dipped below $22,000 and now sits over $21,000. it’s worth noting that the tradign volumes slumped to the lowest levels in over a month according to the data from Bitcoincity. Despite the minor daily retracements, the BTC market cap stands above $400 billion and the dominance over altcoins is over 43%.

Usually known for their volatility, the altcoins performed unexpectedly in the past few days with almost no movements. Etheruem lost around 3% of value in the past day and then dipped below $1200 while a few days ago, the asset charted a new high of $1250. BNB, Polkadot, and Solana are down by similar percentages in one day to under $240 below the $40 level and $7.1 Ripple, DOGE, Tron, Cardano, and Avalanche are in the red while SHUB is up by over 1% and LTC gained the most from the larger cap assets with a 4% increase. The cumulative market cap of the assets is at the same level as yesterday under $950 billion.

Uniswap stands out as the most impressive gainer from the larger cap altcoins while after a day from the multi-week high, BTC was stopped and pushed under $22,000. Similar to the last weekend, this one started with no substantial price movements from the altcoins but Uniswap soared 9% and was among the few exceptions with notable price increases.