Author:
Bitcoin’s price actions have calmed during the weekend, as probably expected, and the asset remains above the $68,000 level.
The altcoins have been slightly in the red in the past day, but they went through a highly positive trading week, with impressive gains from ETH, SOL, BCH, and especially DOGE.
BTC Calms Above $68K
Last weekend went without any fireworks as BTC had recovered to $62,000 after slumping below $59,000 on Thursday. The eventful price movements were left for the trading week, which started with a price surge on Monday to $64,500 at first and $66,500 later during the day.
Tuesday was even more volatile, with bitcoin surging to $68,000, getting rejected and pushed south by three grand, and jumping to $68,000 once again by Wednesday.
The primary cryptocurrency kept rising gradually in the following days, which culminated on Friday with a jump to $69,000 for the first time since the end of July. It has failed to overcome that level, though, and has lost some traction since then. Nevertheless, BTC still trades above $68,000 and is up by 8.5% within the past week.
Its market cap has calmed at $1.350 trillion, and so has its dominance over the alts at 55.1% on CG.
APE Back in Top 100
As reported earlier today, ApeCoin has emerged as the top performer in the past 24 hours, having surged by over 60% on a daily scale after the launch of its mainnet. As such, APE has returned to the top 100 largest alts by market cap with a price tag of $1.2.
With most altcoins sitting quietly with minor losses over the past day, we will focus more on their weekly performances, where Dogecoin stands in a league of its own. The OG meme coin has soared by nearly 30% since last Sunday and now trades above $0.14 after the latest interactions by Elon Musk.
The other notable gainers include LTC (13%), BCH (9.5%), SOL (8%), and ETH (7%).
The total crypto market cap has calmed at $2.450 trillion after surging by roughly $150 billion weekly.
LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!
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.
