Bitcoin eyes $ 63,000 as its market cap rebounds by $ 130 billion in one day

Bitcoin is targeting $ 63,000, adding $ 3,000 a day after the recent drop below the $ 60,000 price range as Solana approaches its all-time high of $ 216 as we read more on our latest Bitcoin news today.

After falling below the $ 60,000 mark, Bitcoin headed for $ 63,000 and consistently moved into the $ 63,000 area, with most altcoins also making gains on the previous day, with total market capitalization reaching more than $ 130 billion . After last week’s high when BTC hit $ 67,000 and the asset began to depreciate in value as it lost $ 7,000 in just a few days. BTC has fallen below $ 60,000 a few times and the same thing happened over the weekend and the most recent decline came hours before the cryptocurrency fell to its lowest price of $ 59,000 in less than a week. Since then, the landscape has changed and BTC rebounded and rebounded by $ 60,000 and continued to rise, adding over $ 3,000 in value.

Currently, BTC is approaching $ 63,000 and market cap is at $ 1.2 trillion, with the dominance of altcoins increasing to 45.5% in a single day. Most altcoins fell in price over the weekend but are in the green today, with Ethereum falling below $ 4000 a few days ago but currently at $ 4150. Ripple, Cardano, Polkadot, Binance Coin, Avalanche, Terra, Chainlink, and Dogecoin are up over 6%, while Solana is still the most impressive performer, up 7%, up from 10. SOL at $ 207 is only about 216 US dollars from ATH earlier this year. Further profits can be seen from KuCoin with an increase of 12%, ThorChain with an increase of 14%, Charts with an increase of 12%, Token with an increase of 11% and Fantom also with an increase of 10%. The cumulative market cap of all crypto assets increased by $ 130 billion in a single day to stand at $ 2.6 trillion.

As recently reported, Bitcoin price continued its decline on Friday, ending the week around 2% compared to ETH’s 1.7% gain. Several traders have helped BTC launch futures-focused ETFs from ProShares in a way that appears to be taking profits this week. However, some investors expect an even more limited withdrawal for the remainder of the year, and one company even mentioned that alternative cryptocurrencies like ETH could see new price spikes versus Bitcoin. Cryptocurrency trading company QCP wrote that it remains bullish but is cautious about downside risk, noting that leverage is high in the BTC futures market, which has seen price drops frequently. QCP expects ETH to outperform BTC in the near future.

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