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.