Huobi Token is another notable performer on a weekly scale, perhaps due to the positive developments around the exchange.
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.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 aJust the opposite, bitcoin started regaining some traction andabove $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.
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 recentThe total crypto market cap has seen a minor increase as well and is up to $1.120 trillion as of now.
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