3 Altcoins Post Double-Digit Gains as Bitcoin (BTC) Reclaims $65K: Market Watch
One of the alts in question has entered the top 100 coins by market cap after its massive daily, weekly, and monthly rally.
Bitcoin’s price hasn’t made a major move for days, as it continues to remain stuck at around $65,000 since Friday. The good news for the bulls is that it now stands on the upper side.
Most larger-cap alts perform similarly, with little to no actual moves. XMR is up by 3%, NEAR by 2.5%, while WLD and PUMP have stolen the show.
BTC Rises Above $65K (Slightly)
The previous business week began on a significantly more volatile note. At first, BTC was rejected at $64,000 after an eventful weekend on the Middle East war front, and dipped to $62,200 within hours. However, the bulls stepped up and helped it recover the lost ground almost immediately.
The following few days were more positive as bitcoin tapped $65,000 by Wednesday. It remained at around that level before the CLARITY Act faced another setback in the US Senate, and BTC dipped toward $64,000. The weak US jobs report from Friday, though, brought some hopes that the Fed won’t hike the rates in September, and BTC reacted with a price pump to $65,400.
That was short-lived, though, as the cryptocurrency failed to maintain its run. It retreated to around $65,000 and has spent the following 72 hours or so trading sideways. It currently sits above that level after dipping to $64,800 yesterday, but more volatility is expected as the week progresses.
