Live Markets, Charts & Financial News

WIF, TON Explode by Double Digits as BTC Taps $63K Amid Minor ETF Outflows (Market Watch)

0 6

Bitcoin price volatility has increased in the last few hours as the asset briefly rose towards $64,000 but was halted and pushed back to $63,000 now.

RNDR continues to rise in price with another impressive daily increase that pushed it to over $11. Most of the other alternatives are also in the green now.

BTC rises to $63,000

The current business week has been less eventful than the previous week, with Bitcoin falling to a two-month low of $56,500. Its recovery began last Friday and especially over the weekend, as the asset rose to nearly $64,000 by Sunday.

It failed to overcome this level initially but jumped above it to reach a 12-day peak of $65,500 on Monday. However, he was unable to sustain his career and began to lose value in the following days.

This culminated with the price falling to $60,600 yesterday. However, at this point, the bulls rallied and did not allow a breakout below the $60,000 level. In fact, Bitcoin is starting to regain its momentum and jumped to nearly $64,000 earlier this morning despite minor outflows from US spot ETFs.

As of now, Bitcoin has lost around $1k and is approaching $63,000. Its market capitalization is $1.240 trillion, while its dominance in altcoins is 50.6% on CG.

Bitcoin/Price/Chart 10.05.2024. Source: Trading View

WIF, TON, SOL are on the rise

Toncoin has been among the weakest performing coins for a few weeks despite the network being adopted by the world’s largest stablecoin – USDT. However, the asset has reversed course in the past few days and now rests near $7 after a daily rise of 13%.

The popular meme coin – WIF – is another double-digit gainer from the most valuable altcoins. A 10% rise has pushed it to nearly $3.2. IMX (10%), SOL (7.4%), KAS (8.7%), and RNDR (6%) follow suit.

ETH has reclaimed the $3,000 level after a 2% increase, while BNB is slightly in the red and just below $600.

The total cryptocurrency market cap has gained around $50 billion per day and is approaching $2.450 trillion now.

Cryptocurrency market overview.  Source: QuantifyCrypto
Cryptocurrency market overview. Source: QuantifyCrypto
Special Offer (Sponsored)

Free Binance $600 (Exclusively for CryptoPotato): Use this link to register a new account and get an exclusive $600 welcome offer on Binance (Full details).

2024 Limited Offer for CryptoPotato readers at Bybit: Use this link to register and open a $500 BTC-USDT position on Bybit Exchange for free!

Disclaimer: The information contained in CryptoPotato is that of the cited authors. They do not represent CryptoPotato's opinions on buying, selling or holding any investments. We advise you to conduct your own research before making any investment decisions. Use of the information provided is at your own risk. See our disclaimer for more information.

Cryptocurrency charts By TradingView.

Leave A Reply

Your email address will not be published.