Bitcoin prices fluctuated over the weekend, but on a daily scale, the movement was almost flat. However, a big move is expected in the next few days.
Even the usually more volatile altcoins were quiet today, with XRP the biggest gainer and LINK the biggest loser among large-cap cryptocurrencies.
Last Monday started with a positive mood for this major cryptocurrency, which continued and reached its peak on Tuesday. BTC price surged from $68,000 to $73,600, just $150 away from setting a new record high.
Although the crypto community expected this record to be reached at any time, the scenario began to change, and the price of BTC fell to $72,000. The situation worsened towards the trading weekend when bitcoin dropped below the $69,000 price level several times.
The market movement over the weekend was not so good for the cryptocurrency either, as pressure from sellers pushed the BTC price level to a weekly low of $67,600 yesterday. The most plausible reason for this situation is the dwindling expectation of Donald Trump to win the election.
At this point, the price of BTC is around $68,807, which is the same level as yesterday. The crypto market capitalization is slightly over $1.350 trillion in CG, and its dominance over altcoins is 56.8%. The US election is scheduled for tomorrow and is expected to influence price movements in the crypto market in one way or another, depending on the outcome.
Most cryptocurrencies are relatively quiet these days. ETH, BNB, DOGE, TRX, TON, and AVAX rose slightly, while SOL, ADA, BCH, and SHIB saw slight declines.
XRP gained the most among large-cap altcoins (2%), while LINK slipped 3.5%, making it the biggest loser. Total market capitalization is also at the same level as yesterday, which is just under $2.4 trillion.
