According to CryptoPotato, the cryptocurrency market has seen a relatively calm 24 hours, with most coins failing to make significant gains. The majority of altcoins are trading in a state of equilibrium, which could potentially be a precursor to a significant move in either direction. Bitcoin's price, which was consolidating around $60K yesterday, has managed to gain some ground and is currently trading at around $61,400, marking an increase of approximately 0.8% on the day. Despite the low volume, this is within the expected norms for the weekend.
Bitcoin's dominance, a metric that measures its share relative to the rest of the market, is currently at 50.8%, while Ethereum accounts for around 17% of the total market. The majority of large-cap altcoins have traded mostly flat for the past 24 hours. However, TON has charted gains of around 2%, fueled by a considerable increase in the total value locked in the protocol.
In a more interesting development, cat-themed meme coins have surged today, with the entire category increasing by more than 6%, according to data from CoinGecko. These specific meme coins have increased by a staggering 43% over the past week, with notable mentions including Mog Coin (MOG) and Popcat (POPCAT). Overall, the market remains in a neutral state, with the sentiment improving considerably since yesterday, according to the popular Crypto Fear and Greed Index.
