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Bitcoin’s price stood still for several days, but the asset went on the offensive yesterday, broke above $70,000 for the first time ever, and was violently rejected minutes later.
Several altcoins, led by Worldcoin and $FLOKI, have produced massive gains over the past day.
$BTC’s Rollercoaster
CryptoPotato reported $BTC’s notable run as of late, which culminated this week by charting a new all-time high two consecutive times. At first, Bitcoin shot above $69,000 on Tuesday after gaining several thousand dollars on Monday. However, the bears were quick to intercept the move and pushed the asset south hard. In a matter of minutes, $BTC had fallen by nearly ten grand, leaving billions of USD in liquidations.
Bitcoin recovered most losses almost immediately and returned to $67,000 in the next few days. The second offensive came yesterday when the bulls drove $BTC to just over $70,000 for the first time ever.
Once again, though, the cryptocurrency failed to keep the momentum going and was brought back down by a few thousand dollars.
As of now, $BTC trades at around $68,500, with its market cap nearing $1.350 trillion on CoinGecko. Its dominance over the alts has remained at 49.2%.
$FLOKI Keeps Going
The bull run so far has been dominated by the meme coins. While $SHIB and DOGE keep fighting over which will be the largest during this cycle, $FLOKI has taken advantage and has soared by more than 110% over the past week and 40% since yesterday. As a result, the asset has neared the top 50 largest cryptocurrencies by market cap.
Worldcoin is the other notable gainer from the top 100 alts. WLD has skyrocketed by 42% and now sits above $10 despite the controversy around the project.
The Graph (25%), AGIX (20%), AR (19%), and NEAR (19%) are also well in the green. BNB, DOT, ICP, TON, and $SHIB have produced minor gains over the past day.
ETH went above $4,000 yesterday but failed there and has slipped to almost $3,900 as of now.
The total crypto market cap has been increasing quite a bit lately and is above $2.7 trillion today.
