Markets
BTC Price Hits $60K for First Time in 9 Days, DOGE, SHIB Surge 4% (Weekend Watch)
Bitcoin’s renaissance continues this weekend, with the asset climbing above $60,000 for the first time since last Friday’s massacre following the failed assassination attempt on Donald Trump.
Several altcoins have performed even better over the past day, including DOGE, NEAR, SOL, and others.
Bitcoin Surpasses $60,000
Perhaps driven by uncertainty over Mt. Gox BTC distribution and German government actions, the leading cryptocurrency plummeted 9 days ago from over $58,000 to a multi-month low of under $54,000.
The bulls launched a recovery attempt that was initially halted but resumed early in the last business week. Additionally, bitcoin has surpassed $59,000 a few times, the last time after the US CPI data favorable from Thursday.
However, it failed to maintain its momentum and fell back to $56,500 on Friday evening, but recovered On Saturday, the index lost ground and was around $58,000. The unfortunate events surrounding the US presidential candidate Donald Trump have led to greater volatility in the market, but the assassination attempt failed caused BTC and most of the market to rise.
Specifically, bitcoin climbed to over $60,000 for the first time since last Friday and is now holding at that level. Its market cap has neared the $1.2 trillion mark, while its dominance over altcoins has increased to over 51%.
Bitcoin/Price/Chart 14.07.2024. Source: TradingView
Alts see green
In addition to the double-digit gains in all Trump-related tokens, most other larger-cap altcoins have now turned green. Ethereum hit $3,200 after a 2% surge, while BNB neared $540 after a slight daily jump.
Even more impressive gains came from the likes of Solana (4%), Dogecoin (4%), and Shiba Inu (3.6%). Mid-cap altcoins also produced massive gains, with ICP leading the pack with a 9.5% gain. APT, NEAR, and MKR followed suit.
The total cryptocurrency market capitalization has increased by more than $110 billion since Friday and by $50 billion in one day to reach $2.33 trillion on CG.
Cryptocurrency Market Overview. Source: QuantifyCrypto SPECIAL OFFER (Sponsored)
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive an exclusive $600 welcome offer on Binance (all the details).
LIMITED OFFER 2024 on BYDFi Exchange: Up to $2,888 Welcome Reward, use this link to register and open a position of 100 USDT-M for free!
Disclaimer: The information found on CryptoPotato is that of the authors cited. It does not represent the opinions of CryptoPotato on buying, selling, or holding any investments. You are advised to conduct your own research before making any investment decisions. Use the information provided at your own risk. See disclaimer for more information.
Cryptocurrency Charts by TradingView.