Bitcoin’s price continued its uptick since the Saturday night slump and jumped above $68,000 and even neared $68,500 earlier today.

The altcoins are also slightly in the green today, with BNB ($960.72) going above $590 and ETH ($3,327.19) surging past $2,500.

BTC ($101,749.00) Above $68K

The primary cryptocurrency went through some enhanced volatility during the previous business week amid massive inflows toward the spot Bitcoin ETFs. It went from over $69,500 on Monday to $65,000 in just a few days to Wednesday. Another rally came that pushed it north for nearly $69,000 on Thursday, but the bears returned on Friday night and initiated another leg down.

It was driven by FUD around Tether and BTC slumped to $65,500 during the night. However, the bulls emerged almost immediately and drove bitcoin up to $67,000 during weekend.

The asset continued to gain traction during the early hours of Monday. It spiked above $68,000 and climbed to a multi-day peak of $68,500. However, it has lost some ground since then but still sits above $68,000.

Its market cap has risen to $1.350 trillion, while its dominance over the alts stands tall at 55.8% on CG.

Bitcoin/Price/Chart 28.10.2024. Source: TradingView

DOGE ($0.16), DOT ($2.77) on the Rise

Elon Musk, known for his outspoken support for the world’s largest and oldest meme coin, did it again last night, posting a DOGE-related meme on X. The result was similar to previous such examples, and Dogecoin’s price jumped by about 3-4% in minutes. It now trades above $0.14.

Polkadot is the other notable gainer from the larger-cap alts. DOT has soared by 4% and sits close to $4.20. Ethereum is north of $2,500 after a 1.5% increase, BNB is above $590 following a 1.4% daily jump, while SOL ($155.88), RP, TON ($1.97), ADA ($0.54), AVAX ($16.39), SHIB ($0.00), BCH ($480.03), and LINK ($14.88) are also in the green.

In contrast, TRX ($0.29), LEO ($9.25), and SUI ($1.99) have charted some losses. In the case of SUI, the daily price drop is quite painful (-4%).

The total crypto market cap has bounced above $2.4 trillion and is up to $2.420 trillion now.

Cryptocurrency Market Overview. Source: QuantifyCrypto

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