Here are this week’s biggest winners and losers as Bitcoin (BTC) eases to $66,000 (weekend watch)

Bitcoin price action has calmed down over the weekend, as has happened quite often lately, with the asset holding just above $66,000.

The weekly scale is quite painful for most crypto assets as BNB and NEAR have poured in double digits. UNI and TON are among the few exceptions.

Bitcoin Volatile Week

As mentioned above, the last few weekends have been quite dull in terms of price movements and so was the previous one, in which BTC hovered around $69,500. Monday started on a more positive note, as the asset jumped to just over $70,000, but quickly stopped there and was down by four thousand.

This volatility came as investors prepared for the US CPI numbers as well as the subsequent FOMC meeting. Better-than-expected inflation data saw BTC soar to $70,000 once again, but the Fed’s refusal to cut interest rates led to another price drop.

The pullbacks culminated on Friday when the cryptocurrency fell to a one-month low of $65,000. It rebounded in the following hours and has held at just over $66,000 for the past 36 hours.

Its market capitalization has defended the $1.3 trillion level, while its dominance over the highs stands at just over 51% in CG.

Bitcoin/Price/Chart 16.06.2024. Source: TradingView Weekly Losers and Gainers

Since most of the larger-cap stocks have also been quite sluggish over the weekend, we’ll focus on their weekly performances. TONCOIN and Uniswap’s native token have become the top gainers since last Sunday. TON has added 10% in value to $7.8, while UNI is up 15% and trading above $11.5.

In contrast, BNB is down 11% in the same time period and now stands at $606. Remember, Binance Coin hit a new all-time high last week of over $715, but has since lost over $100. NEAR and SHIB are the other double-digit losers among larger-cap alternatives.

SOL, DOGE, ADA, LINK, AVAX, BCH, LINK, MATIC, ETH and DOT are also in the red, but in a less violent way.

The total crypto market capitalization has lost more than $120 billion in the last seven days and now stands at $2.550 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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