Bitcoin
Bitcoin Surges Above $57K as Popular Meme Coin Explodes 40%: Weekend Watch
Over the past 24 hours, the cryptocurrency market has continued its recovery, regaining $2.213 trillion in total capitalization.
This comes after Bitcoin surged above $57,000 and other altcoins posted notable gains.
Bitcoin Price Recovers $57K
Like CryptoPotato reported Yesterday, the price of BTC gained 4% in a day and rose above $56,000 after a bloodbath that took it below $54,000.
Now, the cryptocurrency continues its recovery, successfully surpassing $57,000 and gaining another 1% in the last 24 hours.
It’s worth noting, however, that Bitcoin remains down 6.5% over the past seven days and the market is nowhere near where it was a week ago. Buyers have their work cut out for them if they want to stage any kind of meaningful comeback.
Altcoins see green
The rest of the cryptocurrency market is also in the green, with almost all altcoins posting gains.
For example, Polkadot (DOT) has gained 6.4% in the last 24 hours, followed by NEAR (up 4.5%) and AVAX (up 3.6%).
The most significant gainer, however, is the TON-based meme coin that was launched earlier this year – Notcoin (NOT). It has surged by a whopping 42% in the past 24 hours, leading all other coins in the top 100 by total market capitalization. The meme coin has managed to erase all losses from the recent bloodbath and is even recording a 5% increase in the past 7 days.
That said, there are other popular meme coins that have failed to capitalize on the recent market rally. Dogwifhat (WIF) is among them. The dog-themed coin is seeing a considerable decline of 7.2% over the past 24 hours, making it one of the worst performers among the top 100.
Overall, the market appears to be on a recovery path, but sentiment remains uncertain. It will be interesting to see how the next few days will shape up.
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