After the more volatile end of the business week, the weekend continues to be rather dull in terms of BTC\u2019s price performance, with the asset stuck below $27,000.<\/p>\n
The altcoins also trade quietly, with minor gains charted by DOGE and ADA, while SOL is down by about 1%.<\/p>\n
BTC Boring Below $27K<\/h2>\n
Bitcoin was riding high last week, as it even challeged $28,000 on a few occasions. However, it failed there, perhaps due to the global uncertainty propelled by the latest conflict between Israel and Hamas, and started to lose value gradually.<\/p>\n
A more substantial price drop came on Monday, and another, even more violent, transpired on Wednesday. The second dropve the primary cryptocurrency to a multi-week low of $26,500.<\/p>\n
The bulls managed to react at this point and didn\u2019t allow any further declines<\/a>. Just the opposite, BTC started regaining some of its lost value and spiked to $27,000 on Saturday morning.<\/p>\n Nevertheless, that turned-out to be a short-term attempt, and the cryptocurrency has returned ot below that round-numbered level where it has been situated for the past 24 hours.<\/p>\n This means that its market capitalization remains still at $525 billion, but its dominance<\/a> over the altcoins has declined just slightly to 49.8% on CMC.<\/p>\n Loom Network (LOOM) has emerged as the undisputed winner in terms of weekly (and even daily) gains from the top 100 altcoins. The asset has skyrocketed by 38% in the past 24 hours, and well over 100% on a weekly scale. As a result, LOOM trades above $0.35 and is currently the 72nd largest digital asset.<\/p>\n Klaytn (8%) and Trust Wallet Token (7%) are next in line in terms of weekly gains, but are way behind.<\/p>\n In contrast, there are multiple tokens that have lost significant chunks of value in the past week. Mante leads this adverse trend with a 17% drop, followed by Avalanche (-12%), DYDX (-11%), and Conflux (-10%).<\/p>\n The total crypto market cap is also down by quite a lot within the past seven days, and struggles at $1.050 trillion.<\/p>\nAlts That Went Up and Down<\/h2>\n
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