The cryptocurrency market witnessed mixed performances over the weekend, with itcoin">Bitcoin (BTC) taking a breather after its recent rally. The flagship cryptocurrency, which had touched a two-month high of $66,500 on Friday, has since retraced slightly, settling around $65,500. Despite this minor pullback, itcoin">Bitcoin maintains a 4% weekly gain, with its market dominance hovering at 53.9%. The slight decline comes even as spot itcoin">Bitcoin ETFs in the United States continue to see significant inflows, highlighting the complex dynamics at play in the crypto market.
While itcoin">Bitcoin consolidates, Ripple’s XRP token has emerged as a standout performer. XRP surged by 6% in the past 24 hours, reaching $0.63 – its highest level since August 8. This impressive run comes amid broader market uncertainty, positioning XRP as a focal point for traders and investors. Meanwhile, Dogecoin (DOGE) also bucked the trend, gaining over 3% and trading above $0.125, fueled by speculation of a potential rise to $0.15.
The broader altcoin market, however, has seen modest corrections. Ethereum (ETH) and Binance Coin (BNB) both experienced slight declines of just over 1%, trading at $2,646 and $595, respectively. Other notable cryptocurrencies such as TON, Avalanche (AVAX), and Shiba Inu (SHIB) saw more significant drops of up to 3%. This mixed performance has led to a $30 billion decrease in the total cryptocurrency market capitalization, which now stands below $2.4 trillion. As the market continues to evolve, investors remain vigilant, balancing optimism from recent gains with caution over short-term fluctuations.
