Altcoins
These are this week’s top Altcoin performers as Bitcoin (BTC) sits below $68,000 (weekend watch)
As has happened over the past few weekends, Bitcoin prices have calmed down and the asset sits at just under $68,000.
Altcoins are also quite slow on a daily basis, but the weekly landscape has produced stunning gains.
BTC stops below $68,000
Bitcoin had a good start to the current week as it exploded from under $69,000 to over $70,500 in a matter of hours on Monday. As the bulls prepared for another surge, perhaps even challenging the all-time high of $73,800, the asset’s trajectory reversed and it began to rapidly lose value.
On Tuesday, the cryptocurrency had fallen by more than three thousand dollars and was on the verge of falling below $67,000. THE volatile price increases continued to come in over the next few days, including a few attempts to withdraw $70,000 and a few drops below $67,000.
The end of the business week was much less eventful, and BTC calm at around $68,000. It was a particularly slow weekend as the leading digital asset failed to make a single big move in either direction and is now inches away from this level.
Its market cap still stands at $1.33 trillion, while its alt dominance is 50%.
Bitcoin/Price/Chart 02.06.2024. Source: TradingView
The week of NOT
Most altcoins have mimicked BTC’s performance on a daily basis, meaning they have failed to produce significant movements. As such, we will focus on weekly performances.
The landscape is quite painful for some larger-cap alts like Uniswap, which has fallen more than 12% during this period. Dogecoin is down 7% and has fallen below $0.16. Other losses come from companies like BCH, NEAR, ARB, IMX and XRO.
In contrast, ETH records minor weekly gains, mimicked by TON and SHIB. LINK and WIF have surged the most over the past seven days.
The biggest gainers among the top 100 alts are NOT (270%), BRETT (61%), JASMY (50%), TIA (22%), and BGB (21%).
The total crypto market cap has lost around $40 billion since last Sunday and now stands at $2.660 trillion on CG.
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Cryptocurrency Charts by TradingView.