Bitcoin (BTC) Price Eyes $66K, Polkadot (DOT) Slips Below $6
Bitcoin's dull price actions continued in the past 24 hours, with the most notable increase being an $800 gain to nearly $66,000 earlier today. Meanwhile, altcoins mostly experienced minor gains. Tokens like TON, NEAR, and RNDR led the way, but they were outshined by Fetch.ai's FET.
BTC Fails at $66K
The primary cryptocurrency, Bitcoin, had a turbulent end to the previous business week, plummeting from over $67,000 to $65,000 within hours on Friday. Over the weekend, it bounced back, trading sideways at just over $66,000. On Monday, Bitcoin dipped towards $65,000 but quickly reversed and spiked to $67,200. However, it couldn't sustain this level and fell back to around $64,000 multiple times.
Bitcoin recovered some ground during the US national holiday, when Wall Street trading was paused. Earlier today, the asset spiked again to nearly $66,000 but failed to hold that position.
The volatility has been quite muted recently, keeping Bitcoin’s market cap below $1.3 trillion and slightly reducing its dominance over altcoins to 51.3%.
FET Takes the Main Stage
Boosted perhaps by Nvidia’s significant growth this year, several AI-related tokens have surged in the past day. Fetch.ai’s FET led the pack with a massive 30% increase, pushing its price to over $1.7. Other notable gains came from NEAR (9%), RNDR (6.5%), and TON (5%).
In contrast, larger cap altcoins like SOL, UNI, DOT, and LEO saw slight declines. Overall, the total crypto market cap has recovered around $50 billion since mid-week and now stands above $2.5 trillion.
