Bitcoin Price Rockets to $63K, Shiba Inu Surges 6% Daily! 🚀🌕

All Eyes on Bitcoin as Price Surges 🚀

Bitcoin’s price remained steady over the weekend, hovering around $61,000 with minimal movement. However, on Monday morning, the leading cryptocurrency experienced a sudden surge, reaching a multi-day high of nearly $63,000. The altcoin market has also seen a bullish trend, with TON and SHIB taking the lead.

Bitcoin Approaches $63K Mark

Last Monday, Bitcoin surged to a 12-day high of $65,500 before encountering resistance from bears, resulting in a price correction to $60,800 by Thursday. Despite a failed attempt to break through $64,000 on Friday, Bitcoin dipped to just above $60,000. However, a minor recovery over the weekend stabilized the price around $61,000.

Bitcoin made another push towards $62,000 yesterday but faced resistance, causing a drop to $60,800 earlier today.
Despite this setback, Bitcoin recently rallied, climbing by over $2,000 and approaching the $63,000 mark, with a market cap close to $1.250 trillion.
Bitcoin’s dominance over altcoins has slightly increased, now standing at just over 51% on CoinGecko.

TON and SHIB Surge Ahead

While most major altcoins are yet to mirror Bitcoin’s upward movement, they have seen marginal gains. For example, ETH struggled to surpass $3,000 despite a 2% daily increase, while BNB approached $600 after rising by 1% in the last 24 hours.

Toncoin and Shiba Inu’s native token have outperformed, surging by 5-6% with TON reaching $7.3 and SHIB nearing $0.000024.
Other altcoins like Dogecoin and Floki saw a 3% increase, while PENDLE, IMX, and RBN experienced declines.
The total market cap of the crypto market has grown by approximately $40 billion since the previous day, surpassing $2.420 trillion on CoinGecko.