STABLE follows suit in terms of daily gains. However, there’s a 360% price pump from one strange altcoin on CoinGecko.
Bitcoin’s price ascent from earlier this week couldn’t continue in the past 36 hours or so, and the asset even dipped toward $65,000, where it found some support.
Most larger-cap alts have remained sideways on a 24-hour scale, aside from WLFI, which has rocketed by double digits.
BTC Calms Below $66K
The end of the previous business week saw another rejection for BTC, which had pumped to $65,600 a few days prior after the favorable US CPI data for June. After the bears stepped up, though, the asset slipped to $62,500 on Friday. Nevertheless, this was a short-term decline, and the cryptocurrency rebounded to $64,000 over the weekend.
It even challenged $65,000 on Monday morning before it was stopped again. This time, the retracement was a lot more modest, taking bitcoin south to $63,750.
The bulls intervened at this point and initiated a couple of consecutive leg-ups that culminated on Tuesday morning with a surge to $67,000. This became bitcoin’s highest price tag in over a month. However, it couldn’t breach that level and dipped to $65,600 yesterday and $65,300 earlier today. The latter provided the necessary support, and BTC has now calmed at just under $66,000.
Its market capitalization has stalled below $1.320 trillion, while its dominance over the alts has fallen to 56.5% on CG.
The 360% Gainer
The top 100 alts by market cap have a new rep as of today, and it’s also the most significant gainer (on CoinGecko). Blockchain Capital’s BCAP has skyrocketed by over 360% in the past 24 hours to a price tag of $106. However, CG reports $0 trading volume, while the market cap has neared $1 billion.
WLFI has jumped the most from the proven altcoins, pumping by over 11% to $0.063. STABEL follows suit, while HBAR and UNI are up by around 4% each. Meanwhile, most other larger-cap alts have marked gains of up to 2%, including XMR. BCH, XLM, CC, and TRX, on the other hand, are slightly in the red.
The total crypto market cap has remained sideways at just over $2.3 trillion on CG.
LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!
Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.
