Here Are This Week’s Top Performers As Bitcoin (BTC) Calms At $63,000 (Market Watch)

After a busy and highly volatile trading week, bitcoin price movements calmed down over the weekend and the asset sits quietly at $63,000.

Most altcoins have also stagnated on a daily basis, but the weekly timeframe shows some impressive gains such as TAO, SUI, APT and others.

Bitcoin stops at $63,000

The week started with a price drop that took BTC from over $60,000 to under $58,000. More volatility was expected mid-week when the US Federal Reserve met to discuss interest rate cuts. Once this meeting took place and the US central bank cut rates by 0.5%, BTC went on a rollercoaster ride with several major moves.

However, the bulls prevailed after the fluctuations and pushed the cryptocurrency from below $59,500 to above $64,000 recorded on Friday. It became the highest price for bitcoin in more than three weeks.

However, the asset could not maintain its course and went back to just over a thousand. Since then, it has traded mostly sideways around $63,000. Still, it’s up 4.6% on a weekly basis, pushing its market cap to just over $1.24 trillion.

Its dominance of the highs, however, has declined by 1% in recent days to 54% (at CG) after rising to 55% earlier this week.

Bitcoin/Price/Chart 09/22/2024. Source: TradingView Top Gainers

As mentioned above, the week is pretty good for most crypto assets. Ethereum is up 7% in that time frame and now sits near $2,700. SOL has risen by a similar percentage to $147. BNB (5.5%) is above $585, SHIB has soared 6%, while AVAX has gained almost 10% and is trading north of $27.

However, the best gainers among the larger-cap alternatives are TAO (47%), SUI (37%) and APT (28%). As a result, TAO is at $477, SUI is near $1.5, and APT is trading at $7.85.

The total crypto market capitalization has added over $100 billion since last Sunday and is now up to $2.3 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).

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.