Dogecoin (DOGE) Jumps 5% Daily, Bitcoin (BTC) Rises Above $61,000 (Weekend Watch)

Bitcoin price movements over the weekend have returned to a much calmer state, with the asset remaining relatively stable at just over $61,000.

Altcoins are mostly in the green, with BNB and DOGE emerging as the best performers from the big highs.

BTC above $61,000

Last weekend was dominated by the bears as they pushed the main cryptocurrency from $66,000 on Friday to $57,000 by Sunday evening. The picture worsened on Monday and the price fell massively to $49,500, which became BTC’s lowest position in about half a year.

However, the asset started to recover some ground in the following days. That culminated Friday morning with a rise of nearly $63,000, meaning bitcoin had regained more than $13,000 in value in less than a week.

However, the cryptocurrency could not maintain its course and was retraced by several thousand. Since then, the market has been choppy, but BTC has managed to stay above $61,000 in the past 24 hours.

Its market capitalization has risen above $1.2 trillion, while its dominance of the highs has declined slightly from the recent multi-year milestone and is now just under 54%.

Bitcoin/Price/Chart 11.08.2024. Source: TradingView DOGE Shoots Up

Most altcoins have posted some gains in the past 24 hours, led by the biggest meme coin. DOGE is up 5% and hit $0.11 for the first time in days. Binance Coin is the other impressive gainer among the biggest-cap alternatives, having risen just over 4%. As a result, BNB is sitting above $530 now.

ETH, SOL, XRP, ADA, AVAX, SHIB and BCH are also slightly in the green, while TON are the other big-cap highs in the red.

Aptos and FET are the top two performers in the mid-cap cohort, with gains of 7% and 9%, respectively.

The total crypto market capitalization has added about $20 billion overnight and is now $2.245 trillion in 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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