In the ever-volatile world of cryptocurrency, bitcoin made a strong comeback after a recent slip. Over the past 12 hours, it soared to a weekly high of nearly $62,000, leaving investors and traders with renewed optimism. While some altcoins like TRX and TON remained stagnant, others such as LINK, UNI, MATIC, and more experienced significant gains.
Just a week ago, bitcoin took a sharp nosedive from $59,600 to $56,300, causing panic among holders. However, the bulls quickly regained control, preventing further losses. After trading sideways near $60,000 over the weekend, bitcoin saw another dip to $58,000 at the beginning of the week, only to bounce back to over $61,000 a few days later.
Following bitcoin’s lead, most altcoins have seen a green day in the market. Ethereum (ETH) climbed to nearly $2,650 with a modest 2% gain, while XRP, SOL, AVAX, DOGE, and DOT also recorded positive movements. BNB, ADA, SHIB, and BCH experienced even more substantial increases ranging from 3-4%. However, standout performers of the day were LINK (10%), UNI (7.5%), and MATIC (11%), with Polygon’s native token surpassing $0.5.
The total crypto market cap has shown resilience, bouncing back by over $50 billion since the previous day to reach $2.250 trillion. Noteworthy price surges came from FTM (15%), BTT (14%), BEAM (14%), and RENDER (12%) among the top 100 altcoins. Despite the rollercoaster of gains and losses, the cryptocurrency market continues to attract investors and traders seeking opportunities for profit.
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