The beginning of the new week saw the total cryptocurrency market attempt a recovery, with its capitalization pushing toward the important $2.5 trillion market, up 2.6% on the day.

Bitcoins price is now around $63K, and the majority of the altcoins are also posting gains. Important events will take place this week that are worth watching, so lets dive in.

Bitcoin Price Pushes to $63K

At the time of this writing, Bitcoins price is trading at around $62,800, having touched a daily high of around $63,700. This represents an increase of 2.6% in the past 24 hours for the primary cryptocurrency.

Source: TradingView Its interesting to see if BTC will be able to retain these gains and build on them or if the bears will be able to push the price back toward $60K.

In any case, as we reported earlier today, some analysts are positive that July will be a good month for Bitcoin. They argue that it has historically been a month of gains, especially following a red June (as it was this year).

Alicia BakeryCMO - A really good agencyDid you like this market update?

This is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:

Invalid email address Your privacy is guranteed.Thanks for subscribing, you will get your first report in the next hours! As mentioned earlier, though, there are a few important economic events that will take place in the US this week and might have an impact on the price action. These are:

June ISM Manufacturing PMI Data on Monday. Fed Chair Powell will speak on Tuesday. JOLTs Jobs Data on Tuesday. Fed Meeting Minutes on Wednesday. Stock Market will be closed on Thursday. June Jobs Report data on Friday.

Solana Leads Altcoin Recovery

Many of the large-cap altcoins are also trading well in green, with SOL being a notable example. The cryptocurrency increased by 4.6%, and is now pushing for $150.

LINK increased by 5.31%, AVAX by almost 6%, NEAR by 5%, and so forth.

Source: Quantify Crypto Interestingly enough, some categories are performing a lot better compared to others. For example, meme coins on Solana and Base have charted, on average, gains between 13% and 9%, respectively.

This is considerably more in comparison to the general category of meme coins (across all chains and all themes), which is up by about 3%.

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.