Bitcoin’s price has been on a wild ride in the past few days, first heading north to over $70,00 before it dumped to $67,000 a day later.

The altcoins have recovered some of yesterday’s losses, and most have turned green. SHIB and WIF lead the pack from the meme coin realm with massive double-digit surges.

BTC Reclaims and Calms at $68K

The largest cryptocurrency by market cap experienced a volatile five-day trading period last week after the news surrounding the eventual approval of spot Ethereum ETFs by the US SEC. The asset skyrocketed to a multi-week peak at the start of it of nearly $72,000, but it dumped to under $66,500 on Thursday – just hours before the SEC’s actual approval.

It regained some traction on Friday and during the weekend as its price went to $69,000. It retraced slightly on Monday before another leg up resulted in breaking above $70,000 for the first time in about a week.

Yet, the bulls failed to maintain this run and BTC dumped hard yesterday to just over $67,000. Still, bitcoin bounced off and neared $69,000 once more hours ago but was stopped there and now sits inches above $68,000.

Its market cap remains below $1.350 trillion, but its dominance over the alts has taken another minor hit and is down to 49.6%.

SHIB, WIF on a Roll

The meme coins have been among the top performers in the past 24 hours. SHIB is at the forefront of the massive surge, gaining 15% overnight. Moreover, SHIB surpassed Cardano to become the 11th largest cryptocurrency by market cap, as reported earlier.

WIF is the other massive gainer from the larger-cap alts. The asset has soared by 20% in a day and now trades close to $4.

SOL, TON, RNDR, and ATOM are with minor gains from the larger-cap alts, while ETH is down by 0.4% but still trades above $3,800.

The total crypto market cap has recovered $35 billion overnight and sits above $2.7 trillion on CG.

SPECIAL OFFER (Sponsored)

Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

LIMITED OFFER 2024 at BYDFi Exchange: Up to $2,888 welcome reward, use this link to register and open a 100 USDT-M position for free!

Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.

source