DOGE & WIF Outperform, BTC Target $70K 📈🚀

Bitcoin Continues to Surge Towards $70K

Great news for Bitcoin enthusiasts as the leading cryptocurrency has been on a steady climb over the weekend, reaching a 5-day peak of almost $70,000.

Bitcoin Shows Resilience

Last weekend saw Bitcoin trading mainly around $70,000 and even flirting with $71,000 on Sunday evening. However, bears entered the picture and pushed the price downwards.

The market experienced a drop to $68,500 on Monday and a further decline to under $66,000 on Tuesday.
The downward trend continued, hitting a ten-day low of below $64,500 by Wednesday.
Thankfully, the bulls regained control and initiated a strong upward trend, briefly surpassing $69,000. However, a rejection occurred, driving the price back to $66,000 on Friday.

Altcoins Follow Bitcoin’s Lead

Most altcoins also saw positive movement, aligning with Bitcoin’s upward momentum. Ethereum (ETH) approached $3,400, while Binance Coin (BNB) hovered close to $600.

WIF and DOGE Lead the Charge

Interestingly, Dogecoin and WIF emerged as the top gainers among larger-cap altcoins, experiencing significant price surges:

Dogecoin surged by nearly 9% in a day, inching closer to the $0.2 mark, with predictions of reaching $1 during this bullish cycle.
WIF skyrocketed by 12%, reaching $3.7, while MNT followed suit, increasing by 6% to $1.4.

Rise in Market Cap and Alts

The larger altcoins, including ETH, BNB, SOL, XRP, ADA, and TON, also witnessed gains of around 1-2%, contributing to the overall positive market sentiment:

Ethereum, Binance Coin, Solana, XRP, Cardano, and TON saw modest increases of 1-2%.
Other notable performers included Avax (4.4%), SHIB (3.5%), and UNI (3%).

The collective cryptocurrency market cap surged past $2.7 trillion after a $40 billion increment within one day.