Bitcoin’s price movements continue to be quite underwhelming, but the asset has remained above the coveted $70,000 mark.
The altcoins are also quite sluggish during the same time frame, but the weekly scale shows some impressive gains from the likes of SOL, DOGE, BCH, ICP, and others.
BTC Maintains $70K
The previous weekend was quite similar to this one, with little to no substantial price movements. That changed on Monday and Tuesday as the primary cryptocurrency went on a tear and shot up by over four grand. This meant that it had returned to over $70,000 for the first time in a few weeks.
The bulls propelled another leg up on Wednesday, resulting in BTC soaring to a 15-day peak of just under $72,000. Nevertheless, the bears stepped up and initiated a $3,000 retracement before Bitcoin started recovering some ground as the net flows for the spot ETFs returned to positive.
Not much happened by the end of the week and during the weekend, at least for now. Still, Bitcoin trades above the $70,000 mark, with its market cap closing the gap to $1.4 trillion.
Its dominance over the alts has declined slightly and is down to 49.5% on CoinGecko.
This Week’s Top Performers
The daily charts are quite boring now, so we will focus on the past week’s performance. The larger-cap alts have a few clear winners, with BCH and ICP standing out the most. With just days left to its second halving, Bitcoin Cash gained more than 30% on a weekly scale and soared to $600.
Dogecoin has also jumped by double digits on a weekly scale and now sits above $0.2. SOL has neared $200 after a 13% increase in the past seven days. ETH, BNB, SHIB, DOT, and LINK have gained less than 10%.
CORE has entered the top 100 altcoins following a massive 130% weekly, making it the best performer within this time frame. WIF follows suit with a 90% surge.
The total crypto market cap remains inches below $2.8 trillion, but it is up by more than $150 billion since last Sunday.
LIMITED OFFER 2024 for CryptoPotato readers at Bybit: Use this link to register and open a $500 BTC-USDT position on Bybit Exchange for free!
Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.
Cryptocurrency charts by TradingView.
Hi, just required you to know I he added your site to my Google bookmarks due to your layout. But seriously, I believe your internet site has 1 in the freshest theme I??ve came across.Seo Hizmeti Skype : live:by_umut
Nice article inspiring thanks. Hello Administ . Seo Hizmeti Skype : live:by_umut
Thank you for content. Area rugs and online home decor store. Hello Administ . 国产线播放免费人成视频播放
Everything is very open and very clear explanation of issues. was truly information.Seo Paketi Skype: By_uMuT@KRaLBenim.Com -_- live:by_umut
Thank you for great information. Hello Administ . Seo Paketi Skype: By_uMuT@KRaLBenim.Com -_- live:by_umut
Hello! I could have sworn I’ve been to this blog before but after browsing through some of the post I realized it’s new to me.Seo Paketi Skype: By_uMuT@KRaLBenim.Com -_- live:by_umut
Good info. Lucky me I reach on your website by accident, I bookmarked it. Seo Paketi Skype: By_uMuT@KRaLBenim.Com -_- live:by_umut