Bitcoin Hits $69,000, Dogecoin’s Weekly Gain Goes Beyond 30% (Weekend Watch)

Bitcoin’s impressive performance continued over the past 24 hours as the asset breached $69,000 for the first time since July 29 before retreating slightly.

Most of the alternatives have smaller gains over the last day, apart from DOGE, which has only doubled in its recent massive run.

BTC stopped at $69,000

The major cryptocurrency hovered around $62,000-$63,000 last Saturday after recovering several thousand from Thursday’s sub-$59,000 dump. Last weekend was relatively quiet, but the asset went on the offensive at the start of the work week.

The biggest chunk of volatility came on Tuesday when BTC rallied from $65,500 to $68,000 before being violently pushed south to just below $65,000. However, the bulls regained control in the following hours and bitcoin gradually climbed to new local highs as greed among investors increases.

The latest of the bunch came last night, when the cryptocurrency jumped to $69,000 for the first time in nearly three months. It failed to break above that level, but is still above $68,000 after a minor pullback.

Its market cap stands at $1.35 trillion in CG, while its dominance of the alts is at a multi-year high of more than 55%.

Bitcoin/Price/Chart 19.10.2024. Source: TradingView DOGE continues to pump

The biggest gainer of the biggest cap alternatives yesterday was meme coin OG. The scenario repeated itself again today, with another 6.5% increase in DOGE. As a result, the asset is now at a multi-month high of $0.144, with speculation over whether it could jump to $1 during the market cycle.

The rest of the higher capitalization stocks are much less volatile. ETH, BNB, XRO, TRX, and LINK have minor losses, while SOL, TON, ADA, AVAX, and SHIB have posted negligible gains.

WLD has emerged as the best performer of the 100 largest cryptocurrencies, having surged 13%.

Overall, the total crypto market capitalization has added about $15 billion and now exceeds $2.450 trillion in CG.

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