LAB Nears Top 20 Alts After 25% Surge, BTC Price Taps $64K: Weekend Watch
Bitcoin’s gradual price recovery since the Friday dip below $62,400 continues as the asset added two grand from that local low to $64,400 over the past several hours before it lost some traction.
Most altcoins have been quite sluggish over the past 24 hours. XMR and NEAR are among the few exceptions in the green, while ONDO has dropped by over 3.5%.
BTC Reclaims $64K
June began on a highly negative foot, with bitcoin slumping from $73,000 to $59,100 in just five days. The bulls finally stepped up after this calamity and didn’t allow another breakdown. The subsequent bounce-off drove BTC to $64,000 by the start of the next business week, but the actual breakout attempt arrived last Sunday and Monday.
At the time, US President Donald Trump announced a deal with Iran, which was supposed to be signed by June 19. BTC reacted with an immediate uptick to $67,200 on Monday, which became its highest price tag in two weeks. However, it faced another rejection, which was exacerbated after the FOMC meeting on Wednesday, and it dipped below $62,400 by Friday.
The promised deal is yet to be signed, which could be among the reasons behind the market-wide weakness. Nevertheless, bitcoin still managed to regain some traction and tapped $64,400 earlier today. Although it was stopped there, it still trades above $64,000 at press time.
Its market cap remains above $1.285 trillion on CG, while its dominance over the alts is still north of 56%.
LAB Nears Top 20
As mentioned above, there’s little volatility from the larger-cap alts today. Ethereum stands still at $1,730, BNB is at $590, and XPR is just inches below $0.15. Solana, despite some major token deposits to exchanges, is up by over 2% to $73. TRX, CC, and XMR are also in the green, while HYPE and XLM have lost some traction.
NEAR has risen by 3.5% to $2.24, while ONDO is below $0.34 after a 3.2% decline. LAB is today’s top performer once again, surging by over 25%. It now trades well above $15 after a 230% monthly rise, and it’s close to the top 20 alts by market cap. AERO follows suit in terms of daily gains, as an 11% pump has helped it enter the top 100 alts.
The total crypto market cap has tapped $2.290 trillion on CG after another minor increase on a daily scale.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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