Markets
These are the best performing Altcoins of the week as Bitcoin (BTC) calms down to $67,000 (Weekend Watch)
Bitcoin had a mostly positive trading week in which it gained over six thousand dollars and surged to its highest price in almost a month at over $67,000.
Most altcoins also followed suit, with SOL, AVAX, BCH, LINK and more seeing double-digit gains.
BTC calms down at $67,000
Bitcoin had returned to just over $60,000 last Friday, but bulls managed to defend this level of psychological support over the weekend. Additionally, the asset started climbing on Monday and jumped to just over $63,000. It faltered there and returned to $61,200 on Tuesday, ahead of the US CPI announcement for April, but exploded once those figures were reached. came out of.
Specifically, the cryptocurrency gained several thousand dollars and skyrocketed over $66,500 for the first time since mid-April. Another brief retracement followed, but the bulls have resumed the attack over the past two days.
This time they pushed the largest digital asset at nearly $67,500. Despite a slight pullback since then, BTC is still trading around $67,000 today. Its market cap remains at $1.32 trillion, while its alt dominance is 51.7% on CG.
Bitcoin/Price/Chart 05/19/2024. Source: TradingView
SOL leads the way
Since the last 24 hours have been quite boring in terms of price movements in the crypto space, we will focus on the weekly scale in which SOL and LINK stole the show. The former has climbed 17.5% and is trading at a multi-week high of over $170, while LINK is up 22% and sitting near $16.5.
Next on the weekly list of top gainers are Avalanche (14%), Bitcoin Cash (13%), UNI (13%), IMX (10%), GRT (12%), NEAR (9%), and ICP (10%). %). %).
In contrast, TON has fallen the most compared to larger-cap alts, having lost more than 9% of its value over the past seven days. BNB and TRX are also slightly in the red.
The total crypto market capitalization stands at $2.550 billion on CG, meaning it has gained over $150 billion on a weekly scale.
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Cryptocurrency Charts by TradingView.