Hold onto your hats, crypto enthusiasts! The big guns in the altcoin world have rocketed up to a whopping 45% this week, making it an exhilarating ride for investors.
After a wild week of trading, Bitcoin decided to take a breather over the weekend, chilling out at a cool $63,000. While most altcoins hit the pause button on daily movements, the weekly scoreboard shows some jaw-dropping gains from the likes of TAO, SUI, APT, and more.
The action-packed week kicked off with Bitcoin dipping from over $60,000 to under $58,000. The excitement peaked mid-week when the US Federal Reserve announced a 0.5% interest rate cut, sending BTC on a rollercoaster ride. After a series of dramatic swings, the bulls took control, catapulting Bitcoin from under $59,500 to over $64,000 by Friday – the highest it's seen in over three weeks!
Despite the impressive climb, Bitcoin couldn't hang on to all its gains and slipped back by just over a grand. Since then, it's been doing the sideways shuffle around $63,000. Even with this wobble, it's still up by 4.6% for the week, boosting its market cap to a hefty $1.240 trillion.
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Bitcoin’s dominance over altcoins took a slight hit, dropping by 1% to 54% after touching 55% earlier in the week. But don't worry, the altcoins are having their moment in the sun too!
Ethereum is strutting its stuff with a 7% rise, now lounging near $2,700. SOL is also up by 7%, reaching $147. BNB has climbed 5.5% to perch above $585, SHIB has jumped 6%, and AVAX boasts a nearly 10% gain, trading over $27.
The week's superstar performers? TAO has skyrocketed by 47%, SUI has surged by 37%, and APT has ascended by 28%. TAO now sits pretty at $477, SUI is just shy of $1.5, and APT is trading at $7.85.
All this excitement has pumped over $100 billion into the total crypto market cap, now standing tall at $2.3 trillion. Keep your eyes peeled and your wallets ready – the crypto market is sizzling hot!
