Bitcoin Price Steady at $61,000 as Meme Token Trends (Weekend Watch)

The cryptocurrency market skilled a comparatively quiet 24 hours, with most cash failing to make any vital progress. The alternative can be true – most altcoins commerce in equilibrium.

Whereas this could usually be a precursor to a giant transfer in both course, let’s take a more in-depth have a look at the value improvement over the past day.

Bitcoin worth stabilizes at $61,000

Yesterday, BTC worth was consolidating round $60,000, however bulls managed to achieve a foothold and push it above $61,000, the place it’s at the moment buying and selling round $61,400.

At this level, Bitcoin has elevated by roughly 0.8% on the day. Quantity stays low, however inside the regular vary anticipated for the weekend.

Bitcoin’s dominance, a measure of its share relative to the remainder of the market, at the moment stands at 50.8%, whereas ETH accounts for roughly 17% of the overall market.

Altcoins calm, some meme cash development

Most large-cap altcoins have traded basically flat over the previous 24 hours. TON is up round 2% as the overall worth locked within the protocol will increase considerably.

Elsewhere, maybe the place issues get funnier, cat-themed meme cash are hovering immediately. In response to knowledge from CoinGecko, the complete class grew by greater than 6%.

What’s extra, these particular meme tokens have elevated by 43% prior to now week. Some notable mentions embody Mog Coin (MOG) and Popcat (POPCAT).

All in all, the market stays impartial in response to the favored Crypto Worry and Greed Index, with sentiment bettering considerably since yesterday.