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Binance Coin Soars by Double Digits, Bitcoin Taps $97K (Weekend Watch)
The cryptocurrency market has been abuzz with activity over the weekend, as investors eagerly watched the price action unfold. And what a spectacle it was! Binance Coin, in particular, stole the show with its impressive 12% surge, catapulting the asset to a new multi-day peak of $645.
Meanwhile, Bitcoin, which had previously dipped below $90,000 earlier this week, has now regained its footing and is currently trading above the psychologically significant $97,000 mark. While some may be concerned about the cryptocurrency’s recent volatility, it’s undeniable that the market remains in a state of flux.
Notably, many altcoins have taken a hit today after yesterday’s correction. Ethereum, however, has managed to defy this trend with a modest 2% increase, bringing its price back above $2,650. XRP has also followed suit, posting a respectable 3.5% gain and targeting the $2.5 threshold.
On the other side of the coin, Solana, Avalanche, SUI, HBAR, and SHIB have all demonstrated remarkable resilience in the face of adversity. The total cryptocurrency market cap has gained roughly $80 billion since the weekend started, currently hovering above the $3.3 trillion mark.
As for Bitcoin’s current price action, it’s clear that the bulls are firmly in control. Despite a few brief dips below crucial psychological levels, the asset has proven remarkably resilient and is now sitting at an all-time high of $97,000.
In other news, Binance Coin continues to be a standout performer from the larger-cap alts, with a 12% gain in the past 24 hours. Other notable gainers include FLOKI (14%), IMX (13%), FET (12%), TIA (11%), and RENDER (10%).
For now, it seems that Bitcoin’s price is poised to continue its upward trajectory, fueled by an unwavering faith among investors.
Source: cryptopotato.com
