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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.
Bitcoin’s Volatile Week: From $57K Low to $63K Surge
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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Altcoins Make Gains: DOGE Leads with 5% Surge
In the past 24 hours, most altcoins have seen gains, with the largest meme coin, DOGE, leading the way. DOGE has increased by 5%, reaching $0.11 for the first time in days. Binance Coin (BNB) has also performed well, rising by just over 4% to sit above $530.
Other major altcoins like ETH, SOL, XRP, ADA, AVAX, SHIB, and BCH are showing slight gains, while TON is one of the few larger-cap coins in the red.
Among mid-cap cryptocurrencies, Aptos and Fetch.ai (FET) are the top performers, with gains of 7% and 9%, respectively.
Overall, the total cryptocurrency market cap has added about $20 billion overnight, reaching $2.245 trillion on CoinGecko.
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⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.