Markets
Bitcoin Price Rises to $63K, Shiba Inu Gains 6% Daily (Market Watch)
Bitcoin’s price remained stuck over the weekend around $61,000 with only a few minor fluctuations, but the asset suddenly jumped on Monday morning to a multi-day high of nearly $63,000.
Altcoins also turned green after the weekend’s stagnation, with TON and SHIB leading the pack.
BTC heads for $63K
It was last Monday that the primary cryptocurrency jumped to a 12-day high of $65,500, but was quickly halted at this point as bears regained control of the market. Over the next few days, the asset’s price dropped by several thousand dollars to $60,800 on Thursday.
After another false breakout attempt on Friday to $64,000, BTC thrown away once again, this time for just over $60,000. The bulls intercepted the fall and started minor recovery over the weekend, which resulted in bitcoin stalling at around $61,000.
BTC tried to drop $62,000 yesterday but was halted. The rejection pushed it to $60,800 earlier today. However, the cryptocurrency soared in the last hour and soared by more than two thousand. As of now, BTC trades within inches of $63,000 and its market cap approaches $1.250 trillion.
His dominance over alts has increased slightly to just over 51% in CG.
Bitcoin/Price/Chart 13.05.2024. Source: TradingView
TON and SHIB lead the way
Most large-cap alts have not yet gone the way of BTC, but are still experiencing some smaller gains. ETH, for example, failed to surpass the $3,000 level despite a 2% daily increase. BNB is close to $600 after rising 1% the previous day.
In contrast, Toncoin and Shiba Inu’s largest native token jumped around 5-6%. TON reached $7.3 while SHIB approached $0.000024. Dogecoin and Floki rose 3% each, while PENDLE, IMX and RBN fell the most.
The total crypto market capitalization has gained around $40 billion since yesterday and is above $2.420 trillion in CG.
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Cryptocurrency Charts by TradingView.