Bitcoin has experienced a volatile journey recently, reaching a significant peak of $64,500, however, it was unable to maintain the rise and retreated significantly. Currently, the value of the cryptocurrency remains above US$63,800, indicating a certain dominance in the altcoin market, despite a slight reduction in its market capitalization to US$1.244 billion.
Bitcoin’s trajectory this month has been marked by intense ups and downs, especially after the Federal Reserve’s decision to maintain interest rates, increasing market volatility. This decision resulted in rapid price fluctuations, with variations of up to US$2,000 in a few minutes. However, after this turmoil, Bitcoin managed to recover, reaching US$59,000 last Friday and continuing its rise until it surpassed US$62,000.
While Bitcoin struggles to stabilize above US$63,000, other cryptocurrencies, such as Arweave and Render, have shown remarkable performance, standing out in the current market. On the other hand, some of the top altcoins such as TON, ADA, and SHIB faced a slight drop, ranging between 2% and 4% losses.
Bitcoin's current landscape reflects a delicate balance between recent gains and persistent challenges. Despite not having surpassed the US$65,000 milestone, the resilience above US$63,000 suggests stability that could be decisive for the coming weeks.
Now, looking at altcoins, Arweave and Render present themselves as the emerging stars of the day with more than 6 highs, both experiencing an appreciation that attracts the attention of investors and market enthusiasts.
Disclaimer:
The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing or trading cryptocurrencies carries a risk of financial loss.
Source: https://portalcripto.com.br/bitcoin-mantem-se-estavel-acima-de-us-63-mil-enquanto-arweave-e-render-sobem-mais-de-6/
