Bitcoin Moves Sideway as RUNE and TON Take Center Stage

The cryptocurrency market, characterized by its notorious volatility, seemed to take a breather this weekend. While Bitcoin continued its sideways movement, a few altcoins like RUNE and TON stood out, showing impressive gains Crypto news.

Bitcoin Moves Sideway as RUNE and TON Take Center Stage

For the past few weeks, Bitcoin, the king of cryptos, has shown unusual calm. With its price hovering between $29,000 and $29,500, it has not shown any significant movement. An expectation of volatility arose this week, especially with the release of the US CPI numbers. However, Bitcoin’s price remained largely unresponsive and stable, even as it approached the $30,000 mark, only to retrace a little later.

Over the weekend, Bitcoin’s price behavior remained consistent, still trading within the same range, which is somewhat characteristic given the typically lower trading volumes during weekends. Currently, its market capitalization stands firm at around $570 billion, and its dominance on CoinMarketCap is hovering just under the 49% mark.

Altcoins: The Usual Suspects and Some Surprises

Most of the popular altcoins have not shown any notable movements over the past day. ETH, BNB, XRP, DOGE, ADA, TRX, MATIC, and LTC have all seen slight decreases.

Shiba Inu, which had a good performance over the week, saw a 4% decrease overnight. Solana and Polkadot managed to register minor gains.

However, the most impressive performers this weekend were undoubtedly TONCOIN and THORChain’s RUNE. TONCOIN surged by 8%, trading at $1.4. Meanwhile, RUNE took the spotlight with an impressive 20% jump, pushing its price above $1.3.

Despite these movements, the total cryptocurrency market capitalization remains stagnant, sitting around $1.170 trillion.

What’s Next for the Crypto Market?

While the crypto market has seen its highs and lows, the current stagnation, especially with Bitcoin, is a waiting game. Whether this signifies a consolidation phase before another big move or a more extended period of low volatility remains to be seen. However, as the weekend wraps up, the upcoming week might provide more insights into the market’s next direction.

It’s worth noting that while Bitcoin remains stable, the altcoin market might be the one to watch in the immediate future, especially with tokens like RUNE and TON displaying such promising gains. As always, investors and enthusiasts are advised to stay updated, conduct thorough research, and practice safe trading strategies.