It’s been a relatively calm 24 hours in the cryptocurrency market, with the majority of coins failing to gain any notable grounds. The opposite is also true – most of the altcoins trade in a state of equilibrium.
While this might oftentimes turn out to be a precursor to a considerable move in either direction, let’s have a closer look at how prices developed in the last day.
Bitcoin Price Solidifes at $61K
The BTC price was consolidating around $60K yesterday, but the bulls managed to gain some footing and pushed it above $61K to where it currently trades at around $61,400.
With this, Bitcoin manages to chart an increase of around 0.8% on the day. The volume remains low, but this is within the expected norms for the weekend.
Bitcoin’s dominance – the metric that gauges its share relative to that of the rest of the market – is currently at 50.8%, while ETH accounts for around 17% of the total market.
Altcoins Calm, Some Meme Coins Trend
The majority of large-cap altcoins have traded mostly flat for the past 24 hours. TON is charting gains of around 2%, fueled by a considerable increase in the total value locked in the protocol.
Elsewhere, and perhaps where it’s getting a bit more interesting, cat-themed meme coins surged today. The entire category increased by more than 6%, according to data from CoinGecko.
What is more, these specific meme coins have increased by a whopping 43% over the past week. Some notable mentions include Mog Coin (MOG) and Popcat (POPCAT).
All in all, the market remains in a neutral state, with the sentiment improving considerably since yesterday, according to the popular Crypto Fear and Greed Index.
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Cryptocurrency charts by TradingView.
