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.
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