News
Bitcoin Surges Above $57K as Popular Meme Coin Soars 40%: Weekend Watch
Over the past 24 hours, the cryptocurrency market has continued its recovery, recovering $2.213 trillion in total capitalization.
This comes on the heels of Bitcoin breaking above $57,000 and other altcoins posting pretty impressive gains.
Bitcoin Price Recovers $57,000
Like CryptoPotato reported Yesterday, the price of BTC increased by 4% in a day and surpassed $56,000 after a bloodbath that saw it drop below $54,000.
Now the cryptocurrency continues its recovery, successfully surpassing $57,000 and gaining another 1% in the last 24 hours.
It is worth noting, however, that Bitcoin remains down 6.5% over the past seven days and the market is nowhere near where it was a week ago. Buyers have a lot of work to do if they want to stage any sort of significant comeback.
Altcoins See Green
The rest of the cryptocurrency market is also in the green, with almost all altcoins rising.
For example, Polkadot (DOT) has gained 6.4% in the last 24 hours, followed by NEAR (up 4.5%) and AVAX (up 3.6%).
The most notable winner, however, is the TON-based meme coin launched earlier this year, Notcoin (NOT). It is up a whopping 42% in the last 24 hours, outperforming all other coins from the top 100 by total market cap. The meme coin has been able to erase all the losses from the recent bloodbath and is even up 5% in the last 7 days.
That said, there are other popular meme coins that have failed to capitalize on the recent market rally. Dogwifhat (WIF) is one of them. The dog-themed coin is seeing a considerable decline of 7.2% in the last 24 hours, making it one of the worst performers among the top 100.
Overall, the market seems to be on the road to recovery, but sentiment remains uncertain. It will be interesting to see how the next few days will unfold.
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