Over the weekend, Bitcoin’s price has stabilized at just over $66,000, showing a calmer trend compared to the previous week. The overall market has experienced some volatility, with some assets gaining while others have seen losses.
Bitcoin started the week on a positive note, reaching over $70,000 before facing a slight drop. This volatility was influenced by factors such as US CPI numbers and the FOMC meeting. Despite some fluctuations, Bitcoin has managed to hold its ground above $66,000 for the past 36 hours.
In terms of weekly performances, TONCOIN and Uniswap’s native token, UNI, have emerged as top gainers. TON has seen a 10% increase in value, reaching $7.8, while UNI is up by 15%, trading above $11.5. On the other hand, BNB has experienced an 11% drop, now sitting at $606 after reaching an all-time high of over $715 last week.
Other larger-cap altcoins such as NEAR and SHIB have also seen double-digit losses, contributing to the overall market cap decline of over $120 billion in the past week, which now stands at $2.550 trillion.
Despite the challenges faced by some cryptocurrencies, there are still opportunities for investors. Platforms like Binance are offering exclusive welcome offers, providing new users with benefits like a $600 bonus. Additionally, BYDFi Exchange is offering up to $2,888 in rewards for new users who register and open a 100 USDT-M position for free.
It is important for investors to conduct their own research before making any investment decisions and to be aware of the risks involved in the cryptocurrency market. Stay informed and make informed choices to navigate the ever-changing landscape of digital assets.