Buckle up, crypto enthusiasts! The altcoin express has been on a wild ride, soaring 40-50% over the past week.
Bitcoin kicked off Monday with a bang, hitting a four-week high of $64,800 before getting nudged back down. While the big-name altcoins are taking it easy today, the mid- and lower-cap ones are stealing the spotlight with some jaw-dropping gains.
Bitcoin’s week was anything but boring. It started with a dip from $60,000 to just under $58,000 last Monday. But then, BAM! The US Federal Reserve announced its first rate cut in over four years, slicing 0.5% off. This sparked some serious action, and by Friday morning, Bitcoin had rocketed over $4,000 to briefly touch $64,000. It didn’t stay there long and spent the weekend chilling around $63,000.
This Monday wasn’t your typical start-of-the-week slump. The bulls charged again, pushing Bitcoin to just shy of $65,000 before it got knocked back down by nearly two grand.
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And hold onto your hats, because the coming week promises more excitement in the crypto world. Bitcoin’s market cap has swelled to over $1.250 trillion, holding 54% dominance over altcoins.
While the big dogs like ETH, BNB, LINK, AVAX, and TRX are having a quiet day with small gains, and SOL, XRP, and SHIB are seeing minor losses, the mid and lower caps are where the real action is.
Leading the pack is Bittensor’s token with a whopping 15.5% daily surge. Over the past week, TAO has exploded by 80%, now trading around $550. Other daily stars include IMX, RENDER, AAVE, WLD, and NEAR.
IMX also shines on the weekly leaderboard with a 45% jump, followed by SUI at 40% and APT at 30%.
Overall, the total crypto market cap has climbed about $20 billion since yesterday, now sitting pretty at $2.320 trillion.
