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

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.

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.