TL;DR
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Bitcoin lost more than 1% of its value over the weekend but continues to trade above the $37k level.
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The total cryptocurrency market cap remains above the $1.4 trillion mark.
Bitcoin Trades Around $37,400
Bitcoin, the world’s leading cryptocurrency by market cap, saw both a pump and a dump over the weekend. Late on Friday, Bitcoin pumped to the $38,400 mark as bulls took control during that period.
However, the rally was short-lived as BTC began retracing and settled around the $37,600 region afterwards. The retracement continued over the weekend, with BTC effectively losing more than 1% of its value on Sunday to test the $37k support level.
BTC was able to hold the $37k support level and has slightly bounced back to trade above $37,400 per coin. With BTC maintaining its value above $37,400, the total cryptocurrency market cap remained around $1.42 trillion.
Despite the broader market underperforming over the weekend, DOGE, the native coin of the Dogecoin ecosystem, added more than 2% to its value during that period. Hence, outperforming the other major cryptocurrencies.
BNB, Binance’s native coin, continues to underperform and is now trading at $230, down by 2% over the last 24 hours.