⏰ Act Early, Profit Big!
Be among the first to access the newest altcoins. Don't miss out, click now!

Bitcoin Holds Steady Above $61K as DOGE and BNB Lead Altcoin Gains

  • Bitcoin’s price activity has returned to a more stable range over the weekend, holding a steady position just above $61,000.
  • Many altcoins are also experiencing positive movements, with BNB and DOGE standing out as top performers among the larger market caps.
  • BTC’s market capitalization has surpassed $1.2 trillion, though its dominance has slightly decreased to just below 54%.

A closer look at the weekend movements reveals Bitcoin reclaiming stability, while altcoins like BNB and DOGE see significant gains. Discover the latest in the crypto market trends.

Bitcoin Hovers Above $61K

Following a turbulent previous weekend where Bitcoin dropped from $66,000 to $57,000, BTC experienced significant volatility. The downward trend continued into Monday, plummeting to a six-month low of $49,500. However, a rebound commenced later in the week, with Bitcoin surging to almost $63,000 by Friday. Despite not maintaining these highs, Bitcoin has managed to stay above the $61,000 mark over the past 24 hours.

Market Capitalization and Dominance

As Bitcoin steadies above the $61,000 line, its market capitalization has climbed above $1.2 trillion. However, its market dominance has slightly reduced, standing just under 54%. This slight dip in dominance indicates a more balanced market share among leading cryptocurrencies.

Altcoins on the Rise

Altcoins have generally exhibited green movements, with some large-cap cryptocurrencies showing notable performance. DOGE has surged by 5%, hitting $0.11 for the first time in several days. Similarly, Binance Coin (BNB) has risen by just over 4%, positioning it above $530.

Mid-cap Altcoins Performance

Among mid-cap alternatives, Aptos and Fetch.ai (FET) have led the gains, increasing by 7% and 9%, respectively. The continued upward performance among a broad range of altcoins highlights the positive momentum in the market beyond Bitcoin.

General Market Overview

The total cryptocurrency market capitalization has seen an uptick, adding about $20 billion overnight and currently standing at approximately $2.245 trillion. Overall, the market demonstrates gradual recovery and resilience amid previous volatility.

Conclusion

Bitcoin’s revival above $61,000 and the positive shifts seen in altcoins like BNB and DOGE underscore a stabilized yet dynamic crypto market. Investors should remain informed and cautious, as the market continues to evolve rapidly with significant volatility.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news.

BREAKING NEWS

Strategy to Issue 500,000 Series A Preferred Shares to Boost Bitcoin Purchases and Corporate Growth

Strategy has announced a significant capital raise through the...

FTX Seeks Court Extension to Freeze $470M Repayments, Impacting Majority of Chinese Creditors

On July 22, the management team of the insolvent...

Mercurity Fintech Holding Inc. Raises $43.7M in Direct Offering to Boost Crypto Financial Strategy

Mercurity Fintech Holding Inc. (Nasdaq: MFH) disclosed a strategic...

Castle Securities Predicts US SEC to Implement Formal Rules for Bitcoin Tokenization

Castle Securities highlights that the US Securities and Exchange...

Whale Accumulates Massive 56,000 ETH Worth $211M Through Leveraged Purchases

On July 22, data from EmberCN revealed a significant...
spot_imgspot_imgspot_img

Related Articles

spot_imgspot_imgspot_imgspot_img

Popular Categories

spot_imgspot_imgspot_img