Bitcoin (BTC) Price at $64,000, NEAR Protocol (NEAR) Up 20% in 2 Days (Market Watch)

Bitcoin price fell below $63,000 yesterday, but the bulls seem to be back in control as they have pushed the asset towards $64,000 once again.

Most of the larger-cap altcoins are sluggish on a daily basis, apart from ADA, which is up more than 4%, and DOT, which has added just under 4%.

BTC is targeting $64,000

After a slow start to the previous week, when it fell to $57,600, bitcoin experienced a real rollercoaster at the end of the five-day trading period that ended on Friday, especially during and after Wednesday’s FOMC meeting, in which the US Fed announced a 0.5% cut in key interest rates.

BTC saw several substantial price moves before heading north decisively. In a few days, it peaked above $64,000 before losing some ground over the weekend and hovering around $63,000.

The bulls did it again on Monday morning, taking the asset to its highest price level in more than four weeks of $64,800. However, it failed to conquer this level and the subsequent rejection pushed it south to below $63,000 yesterday.

However, the cryptocurrency has gained around a million since then and is now nearing $64,000. Its market cap has approached $1.260 trillion in CG, but its dominance of the highs is only 54%.

Bitcoin/Price/Chart 24.09.2024. Source: TradingView NEAR sees double-digit gains

Binance Coin, Solana, and Cardano have emerged as the top performers among today’s largest-cap alternatives. BNB has recovered the $600 level after a 2.6% daily gain, SOL is nearing $150 after gaining 3%, while ADA has shot up 5% to $0.36

While the rest of the larger caps are also in the green, their gains are much more modest. NEAR Protocol’s native token is up 8% on a daily basis and 20% since Sunday and is now trading above $5.2.

Other impressive top 100 gains include AR (16%), TIA (15%), WIF (11%), LDO (9%), ICP (9%) and STX (9%).

The total crypto market capitalization has added another $20 billion overnight and is $2.340 trillion in CG.

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