SHIB, APE, PEPE Jump 8% Daily, Bitcoin Maintains $29K: Weekend Watch

Bitcoin’s price performance continues to be rather underwhelming, with the asset remaining at essentially the same spot as yesterday at just over $29,000.

Most altcoins are also quite stagnant today, with little-to-no movements from ETH, BNB, XRP, and others. Shiba Inu is the only exception from the larger caps.

SHIB, APE, PEPE on the Rise

Shiba Inu’s largest digital asset – SHIB – has been among the best performers lately, gaining double digits in the past week, as CryptoPotato reported. Furthermore, the past 24 hours were quite positive for the second-largest meme coin as well, as it soared by another 8%. As a result, SHIB now trades close to $0.000011.

The situation with ApeCoin and Pepe is quite similar, at least on a daily scale. Both have jumped by somewhere between 7-8%. Consequently, APE has returned to $2, while PEPE is up to $0.000001333 on CMC.

The larger-cap alts have stalled since yesterday. ETH, DOGE, and TRX are slightly in the green, while BNB, XRP, ADA, and MATIC have posted insignificant losses.

Expectedly, the cumulative market cap of all crypto assets has remained at the same spot at just over $1.170 trillion on CMC.

Cryptocurrency Market Overview. Source: Quantify Crypto
Cryptocurrency Market Overview. Source: Quantify Crypto

Bitcoin Stalls

The primary cryptocurrency had a rather volatile start to the week as it dipped below $29,000 on Monday to register a weekly low. The bulls quickly intercepted the move and pushed the asset north. By Wednesday, BTC had bounced off to over $30,000.

Yet, that turned out to be another short-lived adventure for bitcoin above that level, and it quickly retraced to $29,500. The US CPI numbers on Thursday didn’t change the landscape all that much.

In fact, BTC has been quite stagnant since then and has remained in a tight range between $29,000 and $29,500 for the past 48 hours.

Its market capitalization stands just inches above $570 billion, while its dominance is below 49% on CMC.

BTCUSD. Source: TradingView
BTCUSD. Source: TradingView

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Cryptocurrency charts by TradingView.

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