Bitcoin Climbs Above $57K as This Popular Meme Coin Explodes 40%: Weekend Watch

The past 24 hours have seen the cryptocurrency market continue to recover, regaining $2.213 trillion in total market cap.

This comes against the backdrop of Bitcoin’s price surging above $57,000 and other altcoins posting fairly significant gains.

Bitcoin price reclaims $57K

like Crypto Potato Bitcoin reportedly rose 4% in a single day yesterday, surging above $56,000 after a bloodbath that pushed it below $54,000.

Now, the cryptocurrency continues its recovery, having managed to surpass $57,000 and gained another 1% in the past 24 hours.

But it’s worth noting that Bitcoin is still down 6.5% over the past seven days, and the market is still a far cry from where it was a week ago. Buyers have a lot of work to do if they want to make a meaningful comeback.

Altcoins see green

The rest of the crypto market is also in the green, with almost all altcoins making gains.

For example, Polkadot (DOT) stock has gained 6.4% in the past 24 hours, followed by NEAR (up 4.5%) and AVAX (up 3.6%).

However, the biggest winner is the TON-based meme coin that was launched earlier this year – Notcoin (NOT). It has surged a staggering 42% in the past 24 hours, outperforming all other coins in the top 100 by total market cap. The meme coin has managed to erase all losses from the recent bloodbath and is even up 5% over the past seven days.

However, there are other popular coins that have failed to capitalize on the recent market rally. Among them is Dogwifhat (WIF). The dog-themed coin has seen a massive 7.2% drop in the past 24 hours, making it one of the worst performers among the top 100 coins.

Overall, the market seems to be on its way to recovery, but sentiment is still uncertain. It will be interesting to see how things develop in the next few days.