Bitcoin Returns to $29K After Failing at $30K, Shiba Inu Pumps 16% in 7 Days: This Week_s Crypto Recap

After several weeks of sideways trading and failing to register any significant price movements in either direction, these past seven days provided more volatility that resulted in both multi-day lows and highs for BTC.

It all started on Monday when the primary cryptocurrency dumped by several hundred dollars after the quiet weekend to a weekly low of $28,700. However, the bulls intercepted the move and pushed the asset north. In fact, what followed was among the most notable leg-ups registered in the past few months, as bitcoin shot up to over $30,000 by Wednesday.

This became its highest price tag since July 23. The asset tried to remain above $30,000 but failed by the end of the day and the subsequent rejection pushed it back south to its current price tag of around $29,500. Interestingly, even the CPI numbers that came out earlier this week didn’t result in enhanced volatility, which used to be the case up until a few months ago.

Some altcoins, though, have performed a lot better than BTC for the same 7-day period. Such is the case with Solana, Chainlink, TONCOIN, HBAR, and OKB. All of these have surged by somewhere between 6 and 9% on a weekly scale.

Nevertheless, Shiba Inu has taken the main stage from the larger-cap alts. SHIB has soared by more than 16% since last Friday and trades above $0.00001.

Rollbit Coin has emerged as the top performer within the same timeframe, having added over 76% of value. This has helped RLB find a place within the top 100 largest digital assets by market cap.

Market Data

Market Cap: $1,218B | 24H Vol: $29B | BTC Dominance: 47%

BTC: $29,435 (+0.7%) | ETH: $1,850 (+0.4%) | BNB: $240 (-0.7%)

Cryptocurrency Market Overview. Source: Quantify Crypto## This Week’s Crypto Headlines You Can’t Miss

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