Bitway (BTW) Continues to Steal the Show as Bitcoin (BTC) Holds Above $63K: Market Watch
Bitcoin’s dull price movements over the weekend sort of extended as the new business week started, but the asset has managed to decisively reclaim the $63,000 level as of now.
RAIN, ZEC, and HYPE have emerged as today’s top performers from the larger-cap alts, while ETH has neared $1,900 once again.
BTC Above $63K
Bitcoin stood tall at the beginning of the previous business week when it traded comfortably at $65,000 and even tried to break out even higher. However, it was quickly stopped at $65,400 and slipped to $63,800. The bears appeared to be in control for most of the week.
After a couple of failed rebound attempts, both of which were halted at $64,400, BTC went south once again. This time, it dipped to $62,800. Another bounce-off followed, but the bears kept a tight control of the market and drove bitcoin south to a 10-day low on Friday at $62,500.
The cryptocurrency finally reacted positively and jumped by a grand almost immediately. It failed to continue recovering, though, and calmed at $63,000, where it spent the entire weekend without any moves in either direction.
It dipped to $62,600 on Monday morning before it pumped by $1,000 to $63,600. Although it was stopped there, it still trades above $63,000 as of press time.
Its market cap has returned to $1.270 trillion on CG, while its dominance over the alts stands below 57%.
BTW Keeps Pumping
While even most of the mid- and lower-cap alts have remained sideways lately, Bitway (BTW) has stolen the show once again. The asset is up by 16% daily, 80% weekly, and a whopping 460% since this time last month. It currently trades close to $0.35, and it has become the 69th-largest cryptocurrency by market cap.
The most substantial gainers from the larger-cap alts have produced a lot more modest increases. ZEC and RAIN are up by around 4%, while HYPE has jumped by 3% to $59. ETH is close to $1,900, while XRP continues its battle with the key $1.00 level.
The cumulative market cap of all crypto assets has added less than $20 billion daily and remains below $2.250 trillion on CG.
