As WIF and TON lead the charge, SOL, IMX, and KAS ride the momentum fueled by Bitcoin, boasting notable gains in the realm of larger-cap altcoins
In the past few hours, Bitcoin’s price volatility has increased, as the asset momentarily surged to $64,000 before being halted and pushed back to $63,000.
An additional noteworthy daily increase in the price of RNDR has propelled it above $11. The majority of alternative values are currently green as well.
BTC reaches $63,000
The current business week was considerably less eventful than the preceding one, during which Bitcoin fell to its lowest level in two months, $56,500. The asset experienced a significant resurgence since last Friday, particularly over the weekend, reaching a peak of nearly $64,000 by Sunday.
It initially failed to surpass that level but surged above it on Monday, reaching its highest point in twelve days at $65,500. However, it could not sustain its ascent and began to decline in value in the following days.
Yesterday, this culminated in a price reduction to $60,600. However, the bears took control at this juncture and prevented a decline below $60,000. Bitcoin began to reclaim momentum and surged to nearly $64,000 earlier today, notwithstanding the marginal outflows from spot ETFs based in the United States.
At this moment, Bitcoin has lost approximately $1,000 and is nearing $63,000. Its market capitalization is $1.240 trillion, and on CG, it has a 50.6% lead over the alternatives.
On the Rise of WIF, TON, and SOL, Toncoin was one of the least-performing networks a few weeks ago, notwithstanding its adoption by USDT, the largest stablecoin in the world. Nevertheless, the asset has experienced a reversal of its recent trend and is currently valued at nearly $7, following a daily surge of 13%.
Another coin from the larger-cap alts that achieved double-digit growth is WIF, the well-known meme coin. A 10% increase has brought it close to $3.2. RNDR (6%), IMX (10%), SOL (7.4%), and KAS (8.7%) subsequently followed suit.
Following a 2% increase, ETH has reclaimed the $3,000 level, whereas BNB is marginally in the red and is just below $600.
The total value of cryptocurrencies has increased by approximately $50 billion in a single day and is now near $2.450 trillion.
Disclaimer: The views expressed on Protechbro are those of the cited authors. It in no way reflects the stances of protechbro regarding the purchase, sale, or retention of investments. It is recommended that you perform independent research before reaching any investment conclusions. Utilize the information provided at your peril. See the Disclaimer for further particulars.
