Bitcoin experienced a period of stagnation over the weekend, with minimal fluctuations in its price, hovering around $61,000. However, the beginning of this week brought a surprise as the leading cryptocurrency reached a peak of almost $63,250, one of its highest points in several days. As of now, the price of BTC stands at $62,708.21, showing a 3% increase in the last 24 hours.
At the same time, the altcoin market also showed signs of recovery after a similar period of calm. Notably, TON, PEPE Coin, and SHIBA INU stood out with significant percentage gains.
Looking back at recent price history, last Monday saw Bitcoin experience a significant jump to $65,500. However, this advance was quickly halted by strong resistance, leading to a correction that brought the cryptocurrency’s price down to $60,800 by Thursday. Despite a recovery attempt on Friday to $64,000, Bitcoin once again retreated to just above $60,000. Nevertheless, the bulls persisted and drove a slight recovery over the weekend, stabilizing the price around $61,000.
Yesterday, Bitcoin faced resistance in its attempt to surpass the $62,000 barrier but remained undeterred. Today, after a rapid rise, the cryptocurrency is already trading close to $63,500, with its market value approaching $1.25 trillion.
In the altcoin space, most large-cap cryptocurrencies saw modest gains. Ethereum, for example, is up 2% on the day but still struggles to surpass the $3,000 level. Binance Coin also approached $600 after a 1% increase the previous day.
However, the stars of the day were undoubtedly Toncoin, PEPE, and Shiba Inu, all recording increases between 5% and 8%. Toncoin reached the $7.30 mark, while PEPE coin rose to $0.00000940 with an 8% increase, and Shiba Inu approached $0.000024. Other cryptocurrencies, such as Dogecoin and Floki, also performed positively, both rising around 3%.
Disclaimer:
The views and opinions expressed in this article, by the author or anyone mentioned, are for informational purposes only and do not constitute financial, investment, or other advice. Investing or trading cryptocurrencies carries the risk of financial loss.
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