Bittensor (TAO) Soars 80% Weekly, Bitcoin (BTC) Halted Before $65,000 (Market Watch)

Monday started on a positive note for bitcoin as it jumped to a four-week high of $64,800 before being stalled and pushed south.

Altcoins are slow on a daily basis, at least the larger cap ones. Many of the mid-cap and small-cap stocks have posted notable gains.

BTC stopped at $65,000

Bitcoin had an intense seven-day period, which started with a price pullback from $60,000 to below $58,000 last Monday. The picture changed in the middle of the week when the US Federal Reserve announced the first rate cut in more than four years, with a reduction of 0.5%.

After the inevitable volatility, the cryptocurrency went on the offensive and added more than four thousand on Friday morning, when it briefly topped $64,000. He initially failed there and spent the weekend trading sideways around $63,000.

This Monday was different from last, as the bulls attempted another stage that took bitcoin to a four-week high of just under $65,000. However, the asset stopped there and pushed south for almost two thousand.

It’s worth noting that next week is also expected to be quite busy for the entire market, and you can see why, here.

As of now, bitcoin’s market cap has risen above $1.25 trillion, while its dominance of the highs stands at 54% on CG.

Bitcoin/Price/Chart 23.09.2024. Source: TradingView Highs with massive gains

While most of the larger-cap highs were quiet today, with minor gains in ETH, BNB, LINK, AVAX, and TRX or negligible losses in SOL, XRP, and SHIB, the mid- and lower-caps have produced some impressive increases.

Bittensor’s native token leads the pack with a daily increase of 15.5%. Also, TAO has shot up 80% in the past week and is now trading around $550. IMX, RENDER, AAVE, WLD and NEAR are the other notable daily profits.

IMX also finds a place among the best performers on a weekly basis, with an increase of 45%, followed by SUI (40%) and APT (30%).

The total crypto market cap has added about $20 billion since yesterday and is now $2.320 trillion on CG.

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

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