Thursday, June 6, 2024, the price of Bitcoin experienced a brief increase in value, surpassing the US$71,000 mark, to the delight of investors. However, this rally was short-lived, with the price of the leading cryptocurrency retreating to around $70,800. This came against a backdrop of massive inflows into Bitcoin ETFs, marking a notable week for market bulls.
Bitcoin’s weekend started calmly, with the price stabilizing around $67,500 after a recovery from a recent low of $66,600. Monday, however, brought an air of optimism, with Bitcoin jumping to over $70,000 before facing a small pullback to $68,700. But investors didn’t give up, and a new offensive on Wednesday sent the price to a 15-day high of $71,800, approaching its mid-March all-time high by a margin of less than 3%.
At the time of publication, the price of BTC was quoted at US$71,392.54, up 0.5% in the last 24 hours.
In contrast to Bitcoin’s volatility, meme coins, after substantial gains the previous day, showed a decline. Altcoins such as BNB, SOL, XRP, DOGE, TON, ADA, SHIB, and DOT exhibited minimal losses despite notable increases previously.
LINK and UNI suffered slightly larger drops, of 2% and 4%, respectively. Among meme coins, WIF, FLOKI, and BONK recorded losses of 6%, 5%, and 4.5%, respectively. Pepe Coin, after an increase of almost 5% near US$0.00001520, corrected to US$0.00001450, now trading at US$0.0000146.
The global crypto market capitalization is $2.65 trillion, an increase of 0.34% from the last day.
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Source: https://portalcripto.com.br/bitcoin-luta-para-superar-marca-de-us-72-mil-enquanto-moedas-meme-perdem-forca/
