Render Token (RNDR) Shoots Up 15% Weekly, Bitcoin (BTC) Eyes $27K (Weekend Watch)

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After chart­ing the lat­est mul­ti-week­ly low at under $26,000, bit­coin has per­formed bet­ter and even neared $27,000 ear­li­er today.

Most alter­na­tive coins have also chart­ed minor gains on a dai­ly scale. Ren­der Token emerges as this week’s best per­former from the top 100.

BTC to Challenge $27K?

Bit­coin tried its hand at tak­ing down the resis­tance lev­el at $27,500 a few times this past week but to no avail. The lat­est rejec­tion came on Tues­day, and it turned out to be a rather vio­lent one.

It first pushed BTC south to just under $27,000 before the bears took com­plete con­trol of the mar­ket and drove the asset fur­ther south to a two-week low at $25,900. The bulls final­ly decid­ed to act at this point, and they pre­vent­ed any fur­ther declines.

Just the oppo­site, bit­coin start­ed regain­ing some trac­tion and jumped above $26,000 almost imme­di­ate­ly. The past 24 hours brought anoth­er minor leg-up that drove the asset to over $26,900. How­ev­er, the cryp­tocur­ren­cy has been unable to chal­lenge the $27,000 resis­tance line as of now and sits a few hun­dred dol­lars below it.

Its mar­ket cap­i­tal­iza­tion remains under $520 bil­lion, while its dom­i­nance over the alt­coins stands still at 46.2%.

BTCUSD. Source: TradingView
BTCUSD. Source: TradingView

RNDR, HT Up Double Digits Weekly

Most alt­coins have pro­duced minor gains, sim­i­lar to bit­coin, in the past 24 hours. Ethereum dipped below $1,800 a few days ago but man­aged to reclaim that lev­el yes­ter­day. Anoth­er slight increase since then has pushed the sec­ond-largest cryp­to to $1,830 as of now.

Doge­coin, Solana, Polka­dot, Lite­coin, and Shi­ba Inu are with sim­i­lar dai­ly gains. Rip­ple, Car­dano, Poly­gon, and Avalanche have all jumped slight­ly more – up to 2%.

Look­ing at the charts on a week­ly scale shows that the two most notable gain­ers are Ren­der Token and Huo­bi Token. The two are up by 16% and 13%, respec­tive­ly. In the case of HT, it’s per­haps due to the recent pos­i­tive news regard­ing the exchange.

The total cryp­to mar­ket cap has seen a minor increase as well and is up to $1.120 tril­lion as of now.

Cryptocurrency Market Overview. Source: Quantify Crypto
Cryp­tocur­ren­cy Mar­ket Overview. Source: Quan­ti­fy Crypto
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Cryp­tocur­ren­cy charts by TradingView. 

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