WIF, TON explodes by double digits as BTC hits $63,000 amid small ETF outflows (market watch)

Bitcoin price volatility increased in the last few hours as the asset briefly rose towards $64,000, but has now stalled and retreated to $63,000.

RNDR continues its price rally with another impressive daily increase that has taken it above $11. Most other alternatives are also green now.

BTC rises to $63,000

The current working week was much less intense than the previous one, in which BTC fell to a two-month low of $56,500. Its recovery began last Friday and especially over the weekend as it soared to nearly $64,000 on Sunday.

It initially failed to break above that level, but bounced above it and to a 12-day high of $65,500 on Monday. However, it was unable to sustain its run and began to lose value in the following days.

This culminated in a price drop to $60,600 yesterday. At this point, however, the bulls rallied and did not allow a break below $60,000. In fact, bitcoin started to regain traction and jumped to nearly $64,000 early this morning despite small outflows from US spot ETFs.

As of now, BTC has lost around a thousand and is near $63,000. Its market cap is $1.240 trillion, while its hold on the highs is 50.6% in CG.

Bitcoin/Price/Chart 10.05.2024. Source: TradingView WIF, TON, SOL on the Rise

Toncoin was one of the poorest a few weeks ago despite the adoption of the network by the world’s largest stablecoin – USDT. However, the asset reversed its trajectory in recent days and is now near $7 after a 13% daily gain.

The popular meme coin – WIF – is another double-digit winner of the largest cap highs. A 10% increase has brought it to almost $3.2. IMX (10%), SOL (7.4%), KAS (8.7%) and RNDR (6%) follow suit.

ETH has regained the $3,000 level after a 2% rise, while BNB is slightly in the red and just inches below $600.

The total crypto market capitalization has gained about $50 billion in one day and is now approaching $2.450 trillion.

Cryptocurrency Market Overview. Source: QuantifyCrypto SPECIAL OFFER (Sponsored) Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive an exclusive welcome offer of $600 to Binance (full details).

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