Bitcoin
Bitcoin Price Solidifies At $61K As These Coins Trend Meme (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 considerable 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 currently trades at around $61,400.
With this, Bitcoin managed to register an increase of around 0.8% on the day. The volume remains low, but it is within the norms expected 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.
Calm Altcoins, Some Meme Coins Trend
Most large-cap altcoins have traded roughly flat over the past 24 hours. TON is recording gains of around 2%, driven by a considerable increase in the total value locked in the protocol.
Elsewhere, and perhaps where it’s getting a little more interesting, cat-themed meme coins rose 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).
Overall, the market remains in a neutral state, with sentiment improving considerably since yesterday, according to the popular Crypto Fear and Greed Index.
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