Bitcoin (BTC) Challenges $68K, Dogecoin (DOGE) Soars 5% Daily (Weekend Watch)
NEAR and STX are the other notable gainers from the larger-cap alts, followed by TON and AVAX.
Bitcoin had a controversial week in terms of price movements, as it slumped to a ten-day low and jumped by nearly five grand a day later but failed to sustain its momentum.
The altcoins also suffered on a weekly basis, but most have turned green after yesterday’s retracements.
BTC Goes After $68K
The volatile week began on Monday after BTC failed to overcome $71,000 on Sunday, which resulted in a price drop of two grand. After it bounced off to $70,000 once more on Tuesday, the bears initiated another leg down, which resulted in a more violent price drop to $66,000.
They kept the pressure piling in the following hours and pushed Bitcoin to a ten-day low of around $64,500. This came amid reports that the US government had transferred 2,000 BTC to Coinbase. The stash was confiscated from Silk Road, and the fears about the sale propelled a notable price decline .
Nevertheless, Bitcoin reacted well after this crash and surged by almost five grand a day later to just over $69,000. That was short-lived , though, as the asset fell to $66,000 yesterday.
Currently, BTC stands close to around $68,000 after the bulls took charge once again. Its market cap has gone up to $1.340 trillion, while its dominance over the alts stands tall at 50.3%.
DOGE Goes Up
Most altcoins fell in the past few days but have turned green now, with minor gains. ETH, BNB, SOL, XRP, ADA, SHIB, and DOT have all increased by somewhere between 1-2% in the past day.
More impressive price jumps are evident from TON and AVAX. Toncoin has jumped by 4% and trades well above $5.3, while AVAX is up by 2.7% and sits north of $46.
Dogecoin is the most notable gainer from the larger-cap alts. DOGE has jumped by 5% and has reclaimed the $0.18 level. NEAR and STX are the other alts with gains worth mentioning of 5-6%.
The total crypto market cap has increased by about $30 billion since yesterday and is up to $2.665 trillion on CG.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Global bond market sell-off intensifies: 10-year JGB yield hits 30-year high, 10-year US Treasury continues to fall, US stock index futures decline, oil rises, gold falls
US stock index futures declined, with Nasdaq futures extending their intraday loss to 0.6%, and S&P 500 futures falling by 0.4%. Japan's 10-year government bond yield surged 10 basis points on Thursday to 3.075%, reaching its highest level since August 1996. Brent crude rose 0.2%, while gold edged down by 0.2%, trading near $4,280 per ounce.
Altcoin FET Sits Inside a Massive Macro Uptrend, Experts Expect Bullish Comeback for FET
Morgan Stanley and Dell (DELL.US) COO have an in-depth discussion: "This time is different"—AI agents are not just another refresh cycle, but a TAM expansion; the probability of a $756 bull market scenario is rising
Morgan Stanley released a research report stating that after a one-on-one meeting with Jeff Clarke, Chief Operating Officer at Dell headquarters, they have gained a deeper understanding of their bullish thesis on Dell. However, they still maintain a "neutral" rating and a target price of $511.
US Stock IPO Preview: Rapid Revenue Expansion, How Will TTG International (TTG.US) Seek New Growth Opportunities in Cross-Border Logistics?
In the future, changes in the company's business scale, customer structure, and profitability will be key dimensions to observe its growth potential.
Crypto prices
More
