Bitcoin’s dominance continues to suffer as DOGE and BNB outperformed BTC.
Bitcoin continues to show little to no price fluctuations and is holding around $16,500.
Some altcoins, however, significantly outperformed BTC, including Dogecoin and Binance Coin, which both hit multi-week highs.
DOGE, BNB Soar
Altcoins were slightly in the red yesterday, but the landscape is quite different now, at least for some.
Binance Coin is one of them. Amid the latest rumors surrounding the world’s largest crypto exchange, BNB jumped 7%. As a result, it recouped $300 and hit a three-week high near $320.
Dogecoin is another notable gainer. DOGE is up over 12% on a daily scale and trading north of $0.09.
Ethereum had added 3% in value and moved above $1,200 after dipping below that line yesterday. Cardano, Polygon, Polkadot, Litecoin, Shiba Inu, OKB and Solana are also in the green of larger cap alts.
Overall, the cumulative market capitalization of all crypto assets has gained around $10 billion in one day and sits at just over $840 billion.
Bitcoin stays flat
While some alternative coins saw impressive gains, bitcoin remained relatively quiet on a day-to-day scale. In fact, the asset is at the exact same price it was the previous weekend – at $16,500.
This comes after the heightened volatility experienced during the work week, which resulted in prices falling to $15,500. This became BTC’s lowest price position in about two years.
The bulls successfully defended this level and pushed it north. As a result, bitcoin nearly surged above $17,000, but was stopped in his footsteps.
Being steady around $16,500 now and altcoins gaining means bitcoin’s dominance over them has been reduced. The metric fell to less than 38% as BTC’s market capitalization fell to just under $320 billion.
The post office Weekend Watch: Dogecoin Soars 13%, BNB Breaks $300 appeared first on CryptoPotato.