Bitcoin Price Soars Towards $63,000, Shiba Inu Gains 6% Daily (Market Watch)

The price of Bitcoin held steady over the weekend around $61,000 with only a few minor fluctuations, but the asset suddenly jumped early Monday morning to a multi-day high of nearly $63,000.

Altcoins have also turned green after the weekend slump, with TON and SHIB leading the pack.

BTC Heads for $63,000

It was last Monday that the major cryptocurrency jumped to a 12-day high of $65,500, but it quickly stalled at that point as the bears regained control of the market. In the days that followed, the asset saw its price decline by several thousand dollars to $60,800 on Thursday.

After another false break attempt at $64,000 on Friday, BTC poured again, this time just above $60,000. The bulls intercepted the decline and started a small recovery over the weekend that caused bitcoin to stay around $61,000.

Yesterday, BTC tried to withdraw $62,000 but was stopped. The rejection sent it down to $60,800 earlier today. However, the cryptocurrency skyrocketed in the last hour or so, shooting up over two thousand. As of now, BTC is trading at inches of $63,000 and its market capitalization has approached $1.250 trillion.

His dominance over the highs has increased slightly to just over 51% in CG.

Bitcoin/Price/Chart 13.05.2024. Source: TradingView TON, SHIB Lead the Way

Most of the larger cap alternatives are not yet trailing BTC on the way, but still have some minor gains. ETH, for example, has failed to break the $3,000 level despite a 2% daily increase. BNB is near $600 after rising 1% in the last day.

In contrast, Toncoin and Shiba Inu’s largest native token has risen around 5-6%. TON has hit $7.3 while SHIB has been close to $0.000024. Dogecoin and Floki are up 3% each, while PENDLE, IMX and RBN are down more.

The total crypto market capitalization has gained about $40 billion since yesterday and stands above $2.420 trillion in CG.

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