According to CryptoPotato, Bitcoin's price faced resistance near $63,000 but managed to hold above the $60,000 mark after a brief pullback. Over the weekend, Bitcoin experienced a significant correction, dropping from $66,000 to just below $60,000 by Sunday morning. The situation worsened later on Sunday with a decline to $57,000, and the lowest point came on Monday when Bitcoin fell to just under $50,000, marking its lowest level in about six months. However, the bulls intervened, preventing further declines. Bitcoin began to recover, reaching $53,000 on Tuesday and $57,000 by Thursday. Another surge on Friday pushed the cryptocurrency close to $63,000. Despite this, Bitcoin lost some momentum and slipped towards $60,000 but has since managed to stay around $60,700. Its market cap has slightly decreased to $1.2 trillion, but its dominance over altcoins has risen to 54%, the highest since April 2021.
Most larger-cap altcoins have seen minor declines. Ethereum has dropped by over 1% in the past 24 hours but remains above $2,600. Solana and Ripple have decreased by 2-3%, trading at $155 and $0.58, respectively. Other altcoins like DOGE, AVAX, SHIB, and ADA are also slightly in the red. In contrast, TON has risen by more than 4%, trading above $6.7, and CRO has surged by over 9%, making it the biggest gainer among mid-cap altcoins. The total crypto market cap has slightly retraced in the past day and now stands at $2.217 trillion.