The crypto market over the weekend has continued to blow hot and cold as the market recovers from over $100bn loss on Saturday with coins already recovering in Sunday.

Amidst the highly volatile weekend, Bitcoin continuity find its feet at $64,000 as altcoins remained stagnant over the past 24 hours amidst slight recovery. Avalanche is the exception as in that time, the coin has painted a new All-Time High.

Bitcoin hit weekly low, stabilizes at $64,000

Just a few days ago, the primary cryptocurrency broke its previous ATH two times in a row, and the latest peak came at $69,000.


As the community was anticipating another run up to $70,000, the entire landscape changed. Instead of going upwards, bitcoin headed straight south. In just a matter of hours, BTC lost more than $6,000 of value to an intraday bottom of $63,000.

It bounced off initially and went above $65,000, on Friday. However, this price increase was also short-lived, and the bears drove it downwards once more. This time, the cryptocurrency fell to $62,300  which was the lowest price point since November 7th.

Since then, BTC has recovered some ground and touched $65,000 a few hours ago. However, it failed to remain there, and another multi-hundred dollar retracement has driven it to just over $64,000.

Bitcoin’s market capitalization has gone over $1.2 trillion once more, while the dominance over the altcoins stands still at 43%.

Altcoins calm after correction as Avalanche hits new ATH

In the past 24 hours, most altcoins have remained still after a massive plunge on Friday followed by corrections on Saturday.

Ethereum has lost little value and has dipped to just under $4,600. Cardano and Ripple have seen similar price dips and trade at $2.03 and $1.18, respectively.

In contrast, Binance Coin has increased by 2% to $640, Polkadot is at $46, while a 2.3% jump from Shiba Inu has driven the popular meme coin to $0.000053.

Solana, Dogecoin, and Terra have marked more substantial gains – around 4% each. As a result, SOL sits at $235, DOGE stands at $0.27, and LUNA is above $51.

Avalanche has surged the most from the larger-cap alts. An 11% increase from AVAX means a new all-time high for the token set at $100 earlier today.

Some of the lower- and mid-cap alts have produced more significant gains. Those include Decentraland (21%), IoTeX (20%), The Sandbox (20%), Chilliz (15%), CRO (11%), and Helium (10%).

Heatmap of the entire crypto market over the past 24hours, Source; QuantifyCrypto

Ultimately, the crypto market cap has remained calm at around $2.950 trillion over the past day (Coingecko).