Bitcoin experienced a week of fluctuation, commencing with a peak above $64,000 on Monday after a quiet weekend. However, this stability was short-lived as the cryptocurrency’s value dropped to $58,500 by mid – the lowest it has been in two months. Despite these challenges, Bitcoin enthusiasts undeterred and managed to reverse some of the losses. The digital currency once again the $60,000 mark due to strong buying activity that briefly drove its value above62,000 on Wednesday. At present, Bitcoin is quoted at US$61,730.6 a 0.7% increase in the last 24 hours.
In contrast to’s performance, certain altcoins have outperformed it significantly. Many major altcoins are for an upward rally; ETH is aiming for a breakthrough above $3, and XRP is seeking to surpass the resistance zone of $0.50 while ADA remains near the level of $0.40.
Of particular interest is Solana (SOL), which saw an increase in value after VanEck announced plans for creating the first Solana ETF in the United States – SOL reached US$150 with a 7% surge within one day.
Notable gains were also observed today in Akash Network (AKT), marking an almost20% increase as well as other cryptocurrencies such as AVAX (+5%), DOT (+5%), BONK (+5%) and BCH (+5Please note that views expressed here are solely for informational purposes and do not constitute financial or investment advice; hence investing or trading cryptocurrencies carries inherent risks.
