BitcoinSV (BSV) Soars 11% Daily, Bitcoin (BTC) Bounces Off $29K: Market Watch

Bitcoin slipped as the weekend was coming to its end but managed to bounce off the $29,000 resistance line and has added several hundred dollars since then.

While larger-cap alts like TRX, DOGE, MATIC, and SHIB are slightly in the red today, Bitcoin Cash, Bitcoin SV, and Optimism have jumped impressively.

BTC Maintains $29K

The primary cryptocurrency had a quiet week after last Monday’s price dump by over a grand, which drove it to a monthly low of just under $29,000. The bulls managed to calm the situation in the following days, and the asset remained inches above that line for most of the week.

Even the US Federal Reserve’s decision to increase the key interest rates on Wednesday didn’t bring any substantial volatility. As such, bitcoin remained stuck below $30,000, and the weekend, expectedly, didn’t change the landscape either.

However, BTC nosedived once again late Sunday to $29,000 but managed to sustain that level, and the bulls drove it north by over $500. As of now, the cryptocurrency has lost some steam but trades well above $29,000.

Its market capitalization has climbed to just over $570 billion, and its dominance over the alts stands stuck at 48.2%.

BTCUSD. Source: TradingView## OP Rises Again, BSV Soars Double Digits

Most altcoins have mimicked BTC’s performance lately, meaning they have produced little-to-no volatility. Ethereum and Ripple are slightly in the red, while Binance Coin has posted insignificant gains.

Dogecoin, Solana, Polkadot, Polygon, and Shiba Inu are down by between 1-2%, while TRX has dumped the most from the larger-cap alts. Tron’s native token is down over 4% and sits under $0.08.

In contrast, BCH has jumped by 4.3% and has reclaimed $250. Optimism’s token, which was among the best performers yesterday, is up by over 7% again today and trades above $1.7.

BitcoinSV has taken the main stage with a massive double-digit price surge that has pushed it to $40.

In total, the crypto market cap has added a few billion dollars since yesterday and sits above $1.190 trillion on CMC.

Cryptocurrency Market Overview. Source: Quantify Crypto