Bitcoin
Bitcoin Price Solidifies at $61K as These Meme Coins Trend (Weekend Watch)
It’s been a relatively quiet 24 hours in the cryptocurrency market, with most coins failing to gain any notable ground. The opposite is also true – most altcoins are trading in a state of equilibrium.
While this can often be a precursor to a sizable move in either direction, let’s take a closer look at how prices have evolved over the past day.
Bitcoin price solidifies at $61K
BTC price was consolidating around $60K yesterday, but the bulls managed to gain some foothold and pushed it above $61K to where it is currently trading at around $61,400.
As a result, Bitcoin is able to see an increase of around 0.8% on the day. Volume remains low, but is within expected norms for the weekend.
Bitcoin dominance – the metric that measures its share relative to the rest of the market – currently stands at 50.8%, while ETH represents around 17% of the total market.
Altcoins Calm Down, Some Meme Coin Trends
Most large-cap altcoins have traded roughly flat over the past 24 hours. TON records gains of around 2%, fueled by a considerable increase in the total value locked in the protocol.
Elsewhere, and perhaps where things are getting a little more interesting, cat-themed meme coins have emerged today. The entire category is up more than 6%, according to data from CoinGecko.
What’s more, these specific meme coins are up an impressive 43% in the past week. Some notable mentions include Mog Coin (MOG) and Popcat (POPCAT).
In short, the market remains in a neutral state, with sentiment improving considerably since yesterday, according to the popular Crypto Fear and Greed Index.
Source: AlternativeMe SPECIAL OFFER (sponsored)
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive an exclusive $600 welcome offer on Binance (Full details).
LIMITED OFFER 2024 on BYDFi Exchange: Welcome Reward up to $2,888, use this link to register and open a 100 USDT-M position for free!
Disclaimer: The information found on CryptoPotato is that of the writers quoted. It does not represent the opinions of CryptoPotato about buying, selling, or holding any investments. It is advised that you conduct your own research before making any investment decisions. Use the information provided at your own risk. See Disclaimer for more information.
Cryptocurrency Charts by TradingView.