Bitcoin (BTC) Price Jumps Above $57K, Dogecoin (DOGE) Rises 6% Daily (Market Watch)

Bitcoin Surges Above $57,000, Dogecoin (DOGE) Registers 6% Daily Gain

Following a sharp decline to under $53,000 on Friday, Bitcoin (BTC) has rebounded strongly, adding over $4,000 in value and currently trading above $57,000.

BTC Touches $58,000 Briefly

Last week, BTC faced significant pressure, driven by large outflows from Bitcoin ETFs in the United States. However, buyers stepped in around $53,000, preventing a further breakdown.

Over the weekend, BTC recovered some ground, hovering above $54,000. On Monday, it surged to over $58,000, its highest level in five days. However, the asset was unable to maintain that level and has since retreated slightly.

DOGE on a Roll

Most altcoins have also posted modest gains over the past day. Ethereum (ETH) has risen above $2,350, while BNB (BNB) has hit $520. SOL (SOL) is approaching $135, while TON (TON), BCH (BCH), and NEAR (NEAR) have all experienced similar increases.

Dogecoin (DOGE) has emerged as a standout performer today, climbing over 6% and surpassing $0.1 in value.

Overall Market Sentiment

Other cryptocurrencies that have registered impressive gains include FET (10%), KAS (7.5%), PEPe (8%), STX (7.5%), and RNDR (5%).

The total cryptocurrency market capitalization has increased by over $50 billion overnight, currently standing at over $2.1 trillion.