Bitcoin price action returned to a calmer state over the weekend, with the asset remaining relatively stable at just over $61,000.
Altcoins are mostly in the green, with BNB and DOGE leading the way among larger-cap coins.
BTC above $61k
The bears dominated the weekend, pushing the leading cryptocurrency from $66,000 on Friday to $57,000 by Sunday evening. Things got worse on Monday, with the price falling sharply to $49,500, BTC’s lowest position in about six months.
However, the asset began to recover in the following days, culminating in a Friday morning surge to nearly $63,000, meaning Bitcoin has regained more than $13,000 in value in less than a week.
However, the cryptocurrency failed to maintain its momentum and fell back several thousand. Since then, the market has been volatile, but BTC has managed to hold above $61,000 in the last 24 hours.
Its market cap has surpassed $1.2 trillion, while its dominance over altcoins has dipped slightly after a recent multi-year milestone and now stands at just under 54%.
DOGE Takes Off
Most altcoins have shown some gains in the last 24 hours, led by the largest meme coin. DOGE has jumped 5% to touch $0.11 for the first time in days. Binance Coin is another impressive performer among the larger-cap altcoins, up just over 4%. As a result, BNB is now trading above $530.
ETH, SOL, XRP, ADA, AVAX, SHIB and BCH are also in the small green zone, while TON, another altcoin with a larger capitalization, is in the red zone.
Aptos and FET are the two leaders among mid-cap companies, showing gains of 7% and 9%, respectively.
The total cryptocurrency market cap has grown by around $20 billion overnight and is currently worth $2.245 trillion on CG.
