These Are Last Week’s Top Performers as Bitcoin (BTC) Eyes $67K (Market Watch)
Bitcoin has seen a strong recovery in the past 12 hours, gaining over $5,000 since its low on Friday. However, several altcoins have outperformed Bitcoin, with SOL approaching $190, while NEAR and ICP have experienced double-digit surges.
Last week was a bit rough for Bitcoin as it faced a price drop on Monday and further decline on Tuesday, dropping below $61,000 ahead of the US FOMC meeting. After the meeting, Bitcoin experienced a rapid surge of around $7,000 in just one day. However, this was short-lived, and the asset started losing ground on Thursday and Friday, reaching a low of $62,500.
Over the weekend, there was an attempted recovery that was halted at $66,000. Nevertheless, this morning Bitcoin started gaining traction once again, reaching $67,500 for the first time in days. Although it has lost some value and currently sits just below $67,000, its market cap has risen to over $1.3 trillion, and its dominance over altcoins has increased slightly to 49.3%.
Among the top performers of last week on a daily scale were SOL, AVAX, TON, BCH, NEAR, OP, and ICP, with ICP standing out with a significant 23% surge. However, on a weekly scale, the performance is slightly different for some assets. SOL and AVAX, for example, are down by 7%, along with DOT, TRX, ADA, and ETH, which are also in the red.
In contrast, Toncoin experienced an impressive jump of more than 35%. Furthermore, ONDO, one of the top 100 assets, outperformed all others with a remarkable 92% surge, pushing its price above $0.9.
The total crypto market cap has recovered some of its recent losses and currently stands above $2.650 trillion.