Bitcoin Price Solid at $64K as Cardano (ADA) Surges 4% Daily: Weekend Watch

The cryptocurrency market is painted in the green today, as most currencies are trying to recover.

However, it is too early to tell if the worst is behind us, and the gains over the past 24 hours are fairly moderate compared to the previous decline. lets take alook.

Bitcoin price reaches $64,000

like CryptoPotato As reported yesterday, Bitcoin fell to a low of $63,400, hitting a 5-week low amid a turbulent and declining cryptocurrency market.

However, it seems that over the past 24 hours, the bulls have managed to regroup and have halted the decline so far. BTC is trading flat at around $64k.

However, the derivatives market has also slowed down. The total liquidations for the past day amounted to about $27 million, which is a low amount compared to previous days.

The long to short liquidation ratio is also in balance, indicating that buyers and sellers are currently trying to re-establish their positions.

Altcoins recover, ADA rises 4%

Altcoins are also planning a rebound as most of them are trading in the green today, although they are making somewhat moderate gains.

For example, the price of XRP increased by only 0.6%, SHIB by 1.3%, SOL by 0.5%, ETH by 0.86%, etc.

There are certain exceptions, of course. Cardano (ADA) has risen by as much as 3.7% in the past 24 hours, becoming one of the best performing coins.

Toncoin (TON) is up 6% and is the leading altcoin with significant value. Other notable gainers on this list include AVAX, which is up 3%, PEPE – which is up 4.12%, and MATIC – which is up 3%.

Among the top 100 cryptocurrencies by total market cap, the best performer was JASMY, which rose by 11%. Followed by BRETT and Kaspa (KAS), both up 7.7%.

On the other end of the spectrum is Fetch.AI (FET), which is down 4.4% and is the weakest performer over the past 24 hours.