Bitcoin Price Solidifies at $61K as These Meme Coins Trend (Weekend Watch)

It’s been a comparatively calm 24 hours within the cryptocurrency market, with nearly all of cash failing to realize any notable grounds. The alternative can be true – a lot of the altcoins commerce in a state of equilibrium.

Whereas this may oftentimes grow to be a precursor to a substantial transfer in both path, let’s have a better have a look at how costs developed within the final day.

Bitcoin Worth Solidifes at $61K

The BTC worth was consolidating round $60K yesterday, however the bulls managed to realize some footing and pushed it above $61K to the place it presently trades at round $61,400.

With this, Bitcoin manages to chart a rise of round 0.8% on the day. The quantity stays low, however that is inside the anticipated norms for the weekend.

Bitcoin’s dominance – the metric that gauges its share relative to that of the remainder of the market – is presently at 50.8%, whereas ETH accounts for round 17% of the entire market.

Altcoins Calm, Some Meme Cash Pattern

Nearly all of large-cap altcoins have traded principally flat for the previous 24 hours. TON is charting good points of round 2%, fueled by a substantial improve within the complete worth locked within the protocol.

Elsewhere, and maybe the place it’s getting a bit extra attention-grabbing, cat-themed meme cash surged right now. The complete class elevated by greater than 6%, in line with information from CoinGecko.

What’s extra, these particular meme cash have elevated by a whopping 43% over the previous week. Some notable mentions embrace Mog Coin (MOG) and Popcat (POPCAT).

All in all, the market stays in a impartial state, with the sentiment bettering significantly since yesterday, in line with the favored Crypto Concern and Greed Index.