Bitcoin’s price faced enhanced volatility yesterday morning and later on during the day, but the asset has calmed at around $62,000 ahead of the April US CPI numbers.
Most altcoins are in the red now, though, with ETH declining to $2,900 and BNB losing more than 3% of value.
BTC Calms at $62K
The primary cryptocurrency had a controversial end to the previous week as it had soared to almost $64,000 on Friday when a rapid and violent correction brought it south by more than three grand. As a result, the asset fell to $60,150 at the end of the day.
The bulls managed to intercept the move and didn’t allow a price drop to under $60,000. Just the opposite, BTC reclaimed some ground during the weekend and stood primarily around $61,000. Monday saw a more impressive price increase that pushed bitcoin to just over $63,400.
However, the cryptocurrency failed to maintain its run and dropped back down to $61,200 amid some Coinbase issues. More volatility ensued during the day, but BTC has climbed slightly to just over $62,000 now. More fluctuations are expected later today as the US CPI numbers for April will be announced in a few hours.
Thanks for subscribing, you will get your first report in the next hours!
As of now, bitcoin’s market cap stands at just over $1.220 trillion, while its dominance over the alts has increased to 51.4%.
FLOKI Keeps Pumping
Several meme coins charted impressive gains yesterday, and the landscape for a few of them has only gotten better. FLOKI is today’s top performer from the largest 100 crypto assets, having soared by about 14%. As a result, the meme coin now trades at $0.00022.
Pepe (5%) and AR (6%) follow suit, while WLD (-8%), ENA (-8%), TIA (-7%), WIF (-5%), and STX (-5%) have lost the most value within the same timeframe.
BNB, DOGE, ADA, SOL, and AVAX have declined the most from the larger-cap alts, while ETH is close to breaking below $2,900 after another minor correction.
The total crypto market cap has remained at almost the same spot as yesterday, at just under $2.4 trillion.
SPECIAL OFFER (Sponsored) Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).
LIMITED OFFER 2024 for CryptoPotato readers at Bybit: Use this link to register and open a $500 BTC-USDT position on Bybit Exchange for free!
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.
Cryptocurrency charts by TradingView.