This Week's Best and Worst Alt Performers as Bitcoin Stalls at $43,000 (Weekend Watch)

The lack of significant price movement for Bitcoin continued throughout the weekend as the asset failed to move away from its $43,000 level.

The alternative coins are also unusually stable, with minor losses for ADA, DOT, LINK, MATIC and SOL.

BTC is stagnating at $43,000

The major cryptocurrency rebounded last Thursday from the drop in post-ETF listings that sent it down over ten grand in a matter of weeks. After this massive drop to $38,500, the asset went on the offensive and quickly rose to $40,000 this past weekend.

The business week got off to an even more impressive start as BTC started rising on Monday and saw a rise towards $44,000 on Tuesday and Wednesday. However, it failed to continue its uptrend and bears pushed it lower to $42,000 on Thursday after the Federal Reserve Chairman said there would be no changes to the central bank's monetary policy.

Bitcoin recovered somewhat on Friday but failed to decisively clear the $43,000 mark. The asset has largely remained at this level since then and continues to remain at this level now.

Its market cap is still just over $840 billion and its dominance over alts stands at 51.2% on CMC.

BTCUSD. Source: TradingView

This week's most notable artists

The alternative coins have produced little movement over the last day, with SOL, MATIC, ADA and DOT trading slightly in the red. The weekly scale is quite similar for most people.

Ripple, Avalanche, Binance Coin, Dogecoin, MATIC and Toncoin have declined by 2-3% within the last week. In contrast, ETH, SOL, ADA, TRX and DOT recorded insignificant gains.

Chainlink has stolen the show in the last seven days, rising 22%. As a result, LINK is now trading close to $18. Other impressive weekly performers include FLR (36%), PENDLE (21%) and PYTH (17%).

On the other hand, JUP fell the most (65%), followed by MANTA (-25%), 1000SATS (-18%), BONK (-17%) and LDO (-13%).

Overview of the cryptocurrency market. Source: Quantify Crypto
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Cryptocurrency charts from TradingView.

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