Biggest Crypto Gainers Today on DEXTools – Calcium, FINE, Tyrion.finance
The price of Bitcoin has held steady this week even as stocks have tumbled, a divergence that some analysts say could signal more pain ahead for the cryptocurrency market.
The Dow Jones Industrial Average has fallen by 1.72% so far in the weekly candle, and the S&P 500 has dropped by 1.64% due to growing concerns that interest rates will remain high.
However, Bitcoin's price has only decreased by a slight 0.22% during the same period, maintaining a value of around $26,200 according to TradingView data.
Bitcoin has been locked in a relatively tight range between $25,000 and $28,000 for over a month now, exhibiting little of the extreme volatility it has been known for in the past.
Some analysts argue Bitcoin’s recent calm shows it is firmly entrenched in a historic slump, with trading volumes and volatility near multi-year or even record lows, depending on the metric.
Other analysts contend the weakness in stocks could be an ill omen for cryptocurrencies as investors worry interest rates will stay elevated longer than anticipated, adding pressure to risky assets including cryptocurrencies.
For now, it seems Bitcoin is neither panicking along with stocks nor providing a safe haven from broader economic turbulence. Instead, analysts say it remains stuck in neutral--a state unlikely to last forever.
As Bitcoin continues its period of muted price action, other altcoins such as Calcium, FINE, and Tyrion.finance are experiencing dramatic swings, standing out as some of the biggest crypto gainers today on DEXTools.
After dipping to its previous support zone ranging from $0.01777 to $0.02199, CAL has made a recovery, rebounding an impressive 160% from its bottom.
On the heels of this uptrend, CAL is currently trading at $0.04638, marking
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