This weekend, Bitcoin appeared calm with the price stable at $66,000. đ Even so, this week has been quite painful for most crypto assets. BNB and NEAR plunged by double digits, while UNI and TON were the exceptions.
Last Monday, Bitcoin briefly jumped to $70,000, but quickly stalled and fell by $4,000. This fluctuation occurred ahead of the announcement of the US CPI figures and the FOMC meeting. Better-than-expected inflation data briefly pushed Bitcoin to $70,000 again, but the Fed's refusal to lower interest rates resulted in another price drop.
On Friday, Bitcoin hit a month low of $65,000. However, in the last 36 hours, the price has stabilized at $66,000. Bitcoin's market capitalization managed to maintain the $1.3 trillion level, with dominance over altcoins at 51%.
Meanwhile, TONCOIN and Uniswap's native token were the biggest winners this week. TON rose 10% to $7.8, while UNI rose 15% and traded above $11.5.
In contrast, BNB fell 11% and is now at $606. Binance Coin hit a record high last week above $715, but has lost more than $100 since then. NEAR and SHIB also experienced double-digit declines.
The total crypto market cap has lost more than $120 billion in the last seven days and now stands at $2.550 trillion.
What do you think about market movements this week? Come on, discuss it in the comments column! đŹ
