Bitcoinβs Price Stability and Weekly Performance
Over the weekend, Bitcoin’s price has remained relatively stable, hovering just above $66,000. However, the weekly performance of various crypto assets tells a different story, with some experiencing significant losses while others stand out as exceptions to the trend.
- BTC price stable around $66,000
- BNB and NEAR coin dump by double digits
- UNI and TON show resilience
Bitcoinβs Rollercoaster Week
Bitcoin’s price fluctuations over the past week have been quite dramatic, starting with a jump to over $70,000 followed by a sharp drop to $65,000. Factors such as US CPI numbers and the FOMC meeting contributed to this volatility, with positive inflation data boosting Bitcoin’s price temporarily before a subsequent drop due to the Federal Reserve’s stance on interest rates.
- Weekend price stability interrupted by Monday surge to $70,000
- Impact of US CPI numbers and FOMC meeting on Bitcoin’s price
- Price drop to $65,000 followed by a bounce back to $66,000
Weekly Winners and Losers
While many major altcoins saw lackluster performance over the weekend, a few standout performers emerged over the week. TONCOIN and Uniswap’s UNI token recorded significant gains, with TON adding 10% to reach $7.8 and UNI up 15% trading above $11.5. In contrast, BNB suffered an 11% decline, dropping to $606 from its all-time high of over $715.
- TON and UNI among the top gainers
- BNB drops by 11% from recent highs
- Total crypto market cap decreases by over $120 billion
Market Overview
The broader cryptocurrency market has faced challenges over the past week, with several prominent coins experiencing losses. BNB, NEAR, and SHIB are among the double-digit decliners, while other assets like SOL, DOGE, ADA, and ETH also show negative performance, albeit to a lesser extent. The total market cap has decreased by $120 billion to reach $2.550 trillion.
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