Dogecoin (DOGE) has made a significant jump of 7% in its daily price, while Bitcoin (BTC) seems to have stalled at $64,000 over the weekend. The overall cryptocurrency market has seen a decrease in volatility, with some exceptions like Dogecoin.
Bitcoin experienced a turbulent week, starting with a drop from $69,000 to under $61,000 due to profit-taking and uncertainty surrounding the FOMC meeting. Despite a brief rally to over $68,000, Bitcoin has now settled around $64,000, with a market cap of $1.260 trillion.
On the other hand, Dogecoin has emerged as the top performer among the 15 largest cryptocurrencies, with a 7% increase in its price, pushing it above $0.17. Other notable gainers include Bitcoin Cash, ICP, and OKB, with price increases of up to 8%.
While most altcoins have shown minimal losses or gains, the total cryptocurrency market cap has slightly decreased to just over $2.560 trillion. Despite the overall stability, Dogecoin’s impressive surge has caught the attention of investors and traders.
As Bitcoin remains stagnant at $64,000, all eyes are on Dogecoin and other altcoins to see if they can maintain their momentum and drive further growth in the market. Stay tuned for more updates on the cryptocurrency market as the weekend progresses.
