MYX Finance Skyrockets by Double Digits as Bitcoin Price Calms Below $110K: Weekend Watch
Following a painful and volatile trading week, in which BTC saw its price tumble by over six grand, the cryptocurrency has finally calmed over the weekend, around $109,500.Most larger-cap alts have produced little to no volatility since yesterday, but some of the smaller caps have gone on a tear.BTC Calms at $109.5KIt was just over a week ago when the primary digital asset challenged the $118,000 resistance, only to fail and begin a more profound and violent correction. At first, the asset was driven south to $115,500 during the previous weekend before the bears took complete control of the market on Monday.The first leg down pushed bitcoin to a 10-day low of $112,000 in what appeared to be a flash crash. It quickly bounced off to $114,000, but the bears didn’t let go and kept the pressure on. As a result, BTC slumped to a three-week low of under $109,000 as the week progressed.After losing over $6,000 from Monday to Thursday, bitcoin finally calmed. It even jumped past $110,000 briefly on Friday, but to no avail, and was pushed south to $109,500, where it has been positioned for most of the weekend.Its market cap continues to struggle at $2.180 trillion, while its dominance over the alts is up to 56.5% on CG.MYX on a RollMost larger-cap alts have produced minor moves over the past day, but are deep in the red weekly. For instance, ETH has slumped by double digits and struggles at $4,000, which is a crucial support level that coulddeterminethe asset’s next move.Further notable losses come from the likes of SOL, DOGE, ADA, HYPE, LINK, and AVAX, all of which have dumped by double digits.On a daily scale, HASH and MYX stand in a league of their own, with gains of 24% and 11%, respectively.The total crypto market cap has remained sideways at around $3.850 trillion after losing $300 billion weekly.