These 2 Meme Coins Show Biggest Daily Gains As Bitcoin (BTC) Holds $67,000 (Market Watch)

Bitcoin’s positive price moves took it to a new multi-month high of nearly $68,500 yesterday, but the asset lost some traction and now stands above $67,000.

Altcoins are also quite sluggish today, with XRP gaining 2.5%, while two meme coins are higher.

Way up BTC

It’s safe to say that it was a positive seven-day period for the major cryptocurrency. Just a week ago, the bears seemed to be in full control of the market as they pushed it hard south to a multi-week low below $59,000.

However, the bulls stepped up their game at this point and did not allow any more pain. On the contrary, BTC started to regain traction quickly and settled around $63,000 over the weekend. The trading week started on an even more positive note, with a rise towards $68,000 on Tuesday.

After a sudden and violent correction of $3,000, bitcoin went back on the offensive and jumped to $68,450 yesterday (on Bitstamp), becoming its highest price since late July.

However, it failed to sustain its run despite massive inflows into local BTC ETFs and is now on a steep decline. Still, its market cap remains at $1.330 trillion, while its dominance of the alts is at a multi-year high of 55% in CG and 59% in other monitoring assets.

Bitcoin/Price/Chart 17.10.2024. Source: TradingView Memes in the Zone

Most of the larger-cap alternatives have remained sluggish on a daily basis. ETH, BNB, SOL, DOGE, TRX and TON have produced minor gains or negligible losses. Ripple’s XRP has gained the most – 2.4%, and is now trading above $0.55.

The top 100 top performers are meme coins. BONK is up 7% and now stands near $0.000024, while NEIRO is up 5.5% and is priced at $0.00199. SUI, POPCAT and XLM follow suit.

The total crypto market capitalization has remained essentially where it was yesterday at around $2.420 trillion in CG.

Cryptocurrency Market Overview. Source: Coin360 SPECIAL OFFER (Sponsored) Binance Free $600 (Exclusive CryptoPotato): Use this link to register a new account and receive an exclusive welcome offer of $600 to Binance (full details).

2024 LIMITED OFFER on BYDFi Exchange – Up to $2888 Welcome Reward, Use this link to register and open a 100 USDT-M position for free!

Disclaimer: The information found on CryptoPotato is that of the quoted writers. It does not represent CryptoPotato’s views on whether to buy, sell or hold any investment. You are advised to do your own research before making any investment decisions. Use the information provided at your own risk. See disclaimer for details.

TradingView Cryptocurrency Charts.