Bitcoin Stalls Below $27K: Injective Jumps 20% Weekly

• Bitcoin has been trading with very few fluctuations, hovering just below the $27,000 mark.
• SingularityNET (AGIX) has risen by 15%, entering into the top 100 cryptocurrencies.
• Injective is among the few altcoins that have seen notable price action in the past day, surging by 20%.

Bitcoin Stalls Below $27K

After a volatile end to last week which saw BTC dip to around $26,000, bitcoin has been relatively stable at just under $27,000. Yesterday’s pump and dump was brief and there have been no significant moves in the altcoin market either. However, one exception is Injective which has jumped 20% over the past day.

SingularityNET Enters Top 100

SingularityNET (AGIX) has made a big move this week as it surged 15% and entered into the top 100 alts. The cryptocurrency remains relatively low in value but its rise shows potential for future growth.

Injective Jumps 20% Weekly

Injective is among the few exceptions seeing notable price action over the past day as it jumped 20%. This marks an impressive weekly increase of more than 30%. It remains to be seen if this trend will continue or if it was simply a short-term pump.

Bitcoin Pump & Dump Rejected

Monday saw BTC jump up to around $27,600 before dropping back down again shortly after. A second leg-up attempt was rejected more violently with prices dipping below $26,400 before bulls stepped in and pushed prices back up to familiar ground at around $27,000 once again. Yesterday’s pump and dump was brief so overall bitcoin has remained stuck at its current position since then.

Conclusion

Bitcoin has remained relatively stable while SingularityNET (AGIX) continues to make gains in terms of its market cap ranking. Injective is one of few altcoins seeing notable price action recently with a 20% surge over the past day alone. Despite yesterday’s brief pump and dump attempt being rejected by bears, overall bitcoin remains stagnant at just under $27k for now.