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WIF, TON Explode by Double Digits as BTC Taps $63K Amid Minor ETF Outflows (Market Watch)
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WIF, TON Explode by Double Digits as BTC Taps $63K Amid Minor ETF Outflows (Market Watch)
May 10, 2024 1:36 AM

Bitcoins price volatility increased in the past few hours as the asset shot up briefly toward $64,000 but was stopped and pushed back down to $63,000 now.

RNDR continues its price ascent with another impressive daily increase that has driven it to over $11. Most other alts are also in the green now.

BTC Rises to $63K

The ongoing business week went a lot less eventful than the previous one, in which BTC dumped to a two-month low of $56,500. Its recovery began last Friday and especially during the weekend, as the asset soared to almost $64,000 by Sunday.

It failed to overcome that level at first but jumped above it and all the way up to a 12-day peak of $65,500 on Monday. However, it couldnt maintain its run and started losing value in the following days.

This culminated with a price drop to $60,600 yesterday. At this point, though, the bulls stepped up and didnt allow a break below $60,000. In fact, bitcoin started regaining traction and jumped to almost $64,000 earlier this morning despite the minor outflows from the US-based spot ETFs.

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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 of now, BTC has lost around a grand and stands close to $63,000. Its market cap is at $1.240 trillion, while its dominance over the alts is at 50.6% on CG.

Bitcoin/Price/Chart 10.05.2024. Source: TradingView

WIF, TON, SOL on the Rise

Toncoin was among the poorest performers a few weeks ago despite the networks adoption by the worlds largest stablecoin USDT. However, the asset reversed its trajectory in the past few days and now sits close to $7 after a 13% daily surge.

The popular meme coin WIF is another double-digit gainer from the larger-cap alts. A 10% surge has pushed it to almost $3.2. IMX (10%), SOL (7.4%), KAS (8.7%), and RNDR (6%) follow suit.

ETH has reclaimed the $3,000 level after a 2% increase, while BNB is slightly in the red and is just inches below $600.

The total crypto market cap has gained around $50 billion in a day and is close to $2.450 trillion now.

Cryptocurrency Market Overview. Source: QuantifyCrypto 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).

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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.

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