DOGE, SHIB, PEPE Among Daily Top Performers BTC Rises to $63 Thousand (Weekend Observation)

Highlights

Bitcoin's recovery tour continues as the cryptocurrency rebounds from below $59,000 yesterday to a multi-day high of over $63,000 earlier today.

Most altcoins, including the ever-volatile meme coin sector, followed suit with impressive gains once again.

BTC Goes After $63 Thousand

Bitcoin has had an extremely negative trading week, with its price falling sharply several times. Things started off positive on Monday morning when BTC rose to almost $65,000, but the bears immediately took control of the market and pushed the price south towards $62,000.

The declines are not over yet as the asset declines further, falling below $60,000. The correction peaked at $56,500, a two-month low seen on Wednesday ahead of the last US FOMC meeting.

Once this was completed and the Fed said it would not raise interest rates anytime soon, BTC reacted with a rise and fall of $2,000 and returned to its starting position. It started to recover further in the following hours and reportedly approached $60,000 yesterday.ytd