Bitcoin (BTC) Keeps $42K; Monero Explores 3-Month Peak Following 8% Surge

Bitcoin and most alts recorded minor surges over the past 24 hours following yesterday’s bloodbath. XMR led the gainers.

The fall towards the 2021 January ATH of nearly $42K has BTC keeping that area after a somewhat still day in the marketplace. The alt market also stayed untypically calm on Sunday. Meanwhile, Monero remained the few exceptions as XMR tapped 3-month peaks.

BTC Steadies beyond $42K

It might be safe to state that the leading crypto saw better days as BTC tried to hike beyond $47K early in the week. Nevertheless, Bitcoin failed in all cases when bears stepped up to push the crypto south.

Trading sessions over the past week had the dominant crypto plunging to $45K before falling further to $43,000. After rebounding and adding some dollars, Bitcoin launched new downtrends yesterday, dropping to a 17-day low of above $42K.

Meanwhile, the crypto regained slight traction, approaching $43K hours ago. The coin could not overcome this area and stays some hundred dollars below the region. Bitcoin’s market cap remained beyond the sought-after $800 billion mark.

Monero Leads the Pack

The altcoin market witnessed turmoil as BTC suffered from lows yesterday, Saturday. However, most crypto assets remained calm today, recording minor gains. Ethereum lost approximately $300 within days to hit $3,200, but the alt stayed beyond the area after a brief surge.

Binance Coin, Solana, Ripple, Cardano, Polkadot, and Terra stayed briefly in the green. The leading meme tokens, Shiba Inu and Dogecoin, gained over 3% over the past day to $0.000025 and $0.15, respectively.

Minor drops in large-cap alts came from Near Protocol and Cardano. Meanwhile, Monero stole the show in the mid-cap alts, surging 8% over the previous day. That had XMR jumping to the highest price level since early January sessions at $240. While publishing this blog, Monero traded at $233.95, following a 5.72% gain over the past day.

The cryptocurrency market cap lost $200 billion within a week, remaining beneath the $2 trillion mark. The global crypto market value hovered near $1.9 trillion at this publication.

Stay tuned for upcoming market updates.