Bitcoin didn't fall below $20K over the weekend as some analysts predicted...Based on precedent, Solana's Web3 phone will struggle to find a foothold. thesamReynolds and JPRubin23 report
Expectations for bitcoin's collapse below $20,000 over the weekend were premature.
Ether, the second largest crypto by market cap, was changing hands above $1,200, down about 2.5% during the past day. Trading for both digital assets was light as is typical for weekends. The bitcoin Fear and Greed Index measuring market sentiment remained well within extreme fear territory. Other major altcoins were mixed over the weekend with popular memecoin DOGE rising more than 10% at one point, and Monero's privacy coin XRM up nearly 6%. GALA and MANA sank over 8% and 7%. Polygon's MATIC,more than 25% over a 24-hour period starting last Wednesday after launching a new privacy product for decentralized autonomous organizations , fell more slightly.