It’s been a relatively quiet 24 hours in the cryptocurrency market, with most coins failing to make any notable gains. The opposite is also true, with most altcoins trading in equilibrium.
While this can often be a harbinger of a significant move in either direction, let’s take a closer look at how prices have moved over the last day.
Bitcoin price stabilized at $61,000
Yesterday, the BTC price consolidated around $60,000, but the bulls managed to strengthen and push it above $61,000, where it is now trading around $61,400.
Bitcoin, however, manages to show growth of about 0.8% on the day. Volume remains low, but this is within the expected norms for the weekend.
Bitcoin’s dominance, a metric that measures its share relative to the rest of the market, currently stands at 50.8%, while ETH accounts for about 17% of the total market.
Altcoins are calm, some meme coins are trending
Most large-cap altcoins have traded mostly flat over the past 24 hours. TON is up about 2%, helped by a significant increase in the total value locked in the protocol.
Elsewhere, and perhaps where things get a little more interesting, cat-themed meme coins have seen a sharp rise today. The entire category is up more than 6%, according to CoinGecko data.
Moreover, these particular meme coins have risen by a whopping 43% in the last week. Some notable mentions include Mog Coin (MOG) and Popcat (POPCAT).
Overall, the market remains neutral and sentiment has improved significantly since yesterday, according to the popular Cryptocurrency Fear and Greed Index.
