In a quiet weekend for the broader cryptocurrency markets, Canton (CC) delivered a standout performance, surging approximately 17%, while Bitcoin (BTC) continued to trade in a tight range below the $88,000 level. This dynamic highlights how select altcoins can outperform even when BTC remains subdued.
According to a recent report, BTC’s price action was relatively muted, oscillating roughly between $87,500 and $88,000 during the holiday weekend. The flagship cryptocurrency faced selling pressure whenever it approached resistance near $90,000, keeping it confined to a narrow range of late.
Meanwhile, several mid-cap assets demonstrated notable strength. Alongside CC’s 17% rally, other tokens such as ZEC (Zcash), DOT (Polkadot), UNI (Uniswap), and NEAR (NEAR Protocol) also posted solid gains, reflecting pockets of bullish momentum outside the top-cap leaders.
The contrasting price action underscores investor interest in altcoins even as Bitcoin’s momentum remains limited. Traders and analysts will likely be watching whether BTC can break out of its current range soon, which could influence broader market sentiment heading into the final days of the year.
