Dogecoin Jumps 5%; Bitcoin Surges Above $61K

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Over the weekend, Bitcoin’s price movements have calmed, with the asset stabilizing at just over $61,000.

Altcoins are generally performing well, with BNB and DOGE standing out as the top performers among larger-cap cryptocurrencies.

Last weekend, Bitcoin was under bearish pressure, dropping from $66,000 on Friday to $57,000 by Sunday evening. The situation worsened on Monday, with the price plunging to $49,500, marking Bitcoin’s lowest point in about six months.

However, Bitcoin began to recover in the following days, surging to nearly $63,000 by Friday morning, regaining over $13,000 in value within a week. Despite this impressive rebound, Bitcoin couldn’t maintain the momentum and retraced by a few thousand dollars.

The market has been unstable since then, but Bitcoin has stayed above $61,000 in the past 24 hours. Its market capitalization has risen above $1.2 trillion, though its dominance over altcoins has slightly declined to just under 54% following a recent multi-year milestone.


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