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Toncoin climbs above $2 after 10% daily surge, Bitcoin fails at $27K (Market Watch)

Bitcoin tried to get below the $27,000 line, but failed before it really got a chance to challenge it directly and is now about $500 away from it.

Most altcoins are cool on a daily scale, but not on TON. The asset has risen another 10% and is well above $2.

BTC fails beyond $27K

The primary cryptocurrency fell sharply on Monday to a two-month low of less than $25,000. However, the scenario changed rapidly after the financial giant’s latest spot Bitcoin ETF application, and BTC recovered all the losses almost immediately.

Furthermore, the asset continued to climb over the next few days, which ended yesterday evening. Just a few hours ago, the cryptocurrency reached $26,900, becoming its highest price level in more than two weeks.

However, it failed to move higher and could not really challenge the $27,000 level. It was rejected at the time and has lost some ground. As such, BTC is currently trading at $26,500.

Its market capitalization is essentially the same as yesterday, just under $520 billion. The same applies for its dominance on alts, which is slightly above 49%.

BTCUSD. Source: Trading View

TON stole the show again

Toncoin has been one of the top performers over the past week, following positive participation by messaging giant Telegram. The asset surged by 10% in the past 24 hours alone, taking it to a new local peak of over $2. TON’s profit on weekly scale is 20%.

Polkadot, Litecoin, VET and MKR are other notable gainers from large-cap stocks. VET has risen the most in that group at more than 5%.

On the other hand, ETH, BNB, XRP, DOGE, MATIC and SHIB are marginally up, while ADA, SOL and TRX are slightly in the red.

A few billion more have been added to the crypto market cap and it now exceeds $1.060 trillion on CMC.

Cryptocurrency Market Overview.  Source: Quantify Crypto
Cryptocurrency Market Overview. Source: Quantify Crypto

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Disclaimer: Information found on CryptoPotato is that of the authors cited. It does not represent CryptoPotato’s opinion regarding buying, selling, or holding any investment. You are advised to do your research before taking any investment decision. Use the information provided at your own risk. See Disclaimer for more details.

Cryptocurrency charts by tradingview.

source: cryptopotato.com

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