ADA, XRP Take Main Stage With 8% Gains, BTC Consolidation Continues (Weekend Watch)

Bitcoin’s quiet over the weekend continues as the asset failed to make a major move from its tight range between $94,000 and $95,000.

In contrast, several altcoins, including XRP, ADA and XLM, have posted significant gains over the weekend, while SUI has plunged sharply.

ADA, XLM, XRP on the rise

As reported on Saturday evening, Ripple’s cross-border token stole the show with a massive increase from $2.33 to $2.5. The asset continued to rise in the following hours and hit a multi-week high of $2.6 before correcting slightly to $2.52 now.

Cardano’s native token is the other big gainer of higher-cap alternatives. ADA has soared nearly 9% over the past day and is now at the coveted $1 resistance level. XLM has also broken out, rising over 7% and now trading near $0.45.

In contrast, SUI is down more than 3% to $4.82, while TRX, SHIB and BNB are also slightly in the red. On the other hand, ETH, SOL, DOGE, AVAX, TON, LINK, HBAR and DOT have marked minor gains over the past 24 hours.

The cumulative market capitalization of all crypto assets has remained essentially where it was yesterday, at around $3.450 trillion in CG.

Cryptocurrency Market Overview. Source: QuantifyCrypto BTC Calms at $94,000

The leading cryptocurrency had a very busy and volatile trading week in which it topped $102,000 on Tuesday, only to fall by more than ten thousand euros in the next 48 hours. This multi-week low occurred on Thursday as BTC came close to breaking below $91,000 and even $90,000.

More volatility followed in the following hours, with a jump to $96,000 and a rejection that took it back to almost $92,000.

However, the bulls managed to defend the latter and pushed BTC to $94,000 where it has spent most of the weekend, apart from a brief rise to $95,000.

As such, bitcoin’s market cap remains at $1.865 trillion at CG, but its dominance over the highs shrinks to 54.2%.

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