[Bitcoin hits $69,000, Dogecoin surges more than 30% weekly]
Bitcoin's recent strong run has continued, hitting $69,000 in the past 24 hours for the first time since July 29 before retreating slightly. Most cryptocurrencies also posted modest gains, with DOGE continuing its sharp climb.
Bitcoin prices started to recover after hovering between $62,000 and $63,000 on Saturday. On Tuesday, Bitcoin surged from $65,500 to $68,000, only to fall back below $65,000. The bulls regained control of the market and Bitcoin subsequently climbed to $69,000, although it failed to break through this level and the price remained stable above $68,000.
CoinGecko data shows that Bitcoin has a market capitalization of US$1.35 trillion and a market share of over 55%, setting a multi-year high. DOGE rose 6.5% yesterday to reach a multi-month high of $0.144, amid expectations that it may reach $1 during this market cycle.
Other cryptocurrencies were less volatile, with ETH, BNB and XRP falling slightly, while SOL, ADA and SHIB were up slightly. WLD gained 13%, making it the best-performing cryptocurrency. The overall crypto market capitalization increased by approximately $15 billion to $2.45 trillion.
