Markets
These are the best performing altcoins this week as Bitcoin (BTC) calms down to $67,000 (Weekend Watch)
Bitcoin had a pretty good week of trading where it gained over six thousand dollars and skyrocketed to its highest price in almost a month of over $67,000.
Most altcoins also followed suit, with SOL, AVAX, BCH, LINK, and many others posting double-digit gains.
BTC calms down to $67,000
Bitcoin was back to just over $60,000 last Friday, but bulls managed to defend that psychological support level over the weekend. Additionally, the asset began to rise on Monday and jumped to just over $63,000. It failed there and retraced to $61,200 on Tuesday, ahead of the US CPI announcement for April, but soared once those numbers He came out.
More precisely, the cryptocurrency has gained several large and skyrocketed to over $66,500 for the first time since mid-April. Another brief retracement followed, but over the past two days the bulls have returned to the attack.
This time, them pushed the largest digital asset at nearly $67,500. Despite the slight retracement since then, BTC is still trading at around $67,000. Its market cap remains at $1.32 trillion, while its alt dominance stands at 51.7% on CG.
Bitcoin/Price/Chart 19.05.2024. Source: TradingView
SOL leads the way
Since the last 24 hours have been pretty boring in terms of price movements in the crypto space, we will focus on the weekly scale where SOL and LINK stole the show. The former is up 17.5% and trades at a multi-week high above $170, while LINK is up 22% and trading near $16.5.
Next on the weekly winners list are Avalanche (14%), Bitcoin Cash (13%), UNI (13%), IMX (10%), GRT (12%), NEAR (9%), and ICP (10). %).
In contrast, TON is the biggest loser compared to larger-cap alts, having lost more than 9% of value in the last seven days. BNB and TRX are also slightly in the red.
The total capitalization of the cryptocurrency market comes to $2.55 trillion on CG, which means it has gained over $150 billion on a weekly scale.
Cryptocurrency market overview. Source: QuantifyCrypto SPECIAL OFFER (Sponsored)
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Cryptocurrency charts from TradingView.