Dogecoin (DOGE) has seen a significant jump of 7% in its price in the past 24 hours, making it one of the top-performing cryptocurrencies among the largest assets. While Bitcoin (BTC) has stalled at around $64,000, showing relatively calm price movements over the weekend.
Bitcoin’s price volatility last week led to a rollercoaster ride for the leading cryptocurrency. After reaching $69,000 on Monday, it experienced a sharp drop of $5,000. Tuesday witnessed further declines as BTC hit a two-week low of under $61,000. However, following the US Federal Reserve’s announcement that it would maintain its current monetary strategy, Bitcoin quickly rebounded, surging by 4% and surpassing $68,000.
Despite the brief rally, Bitcoin struggled to maintain its momentum and has been trading around $64,000. Its market capitalization remains at $1.260 trillion, with a dominance just above 49%.
Meanwhile, other altcoins have experienced less significant volatility. Ethereum, Solana, and Binance Coin have seen small losses, while XRP, ADA, SHIB, and DOT have recorded slight gains of around 1-2%. However, Dogecoin stands out as the top performer among the top 15 cryptocurrencies, with a 7% increase. This has pushed the price of the famous meme coin to above $0.17.
Bitcoin Cash, ICP, and OKB have also seen noteworthy price increases, with OKB exhibiting an 8% gain. However, the total market capitalization of the cryptocurrency market has slightly declined, currently standing at approximately $2.560 trillion on CoinGecko.