Bitcoin Reclaims $68K Level, Dogecoin and Polkadot Register Impressive Gains (Market Watch)

Bitcoin Reclaims $68K Level, Dogecoin and Polkadot Register Impressive Gains

Bitcoin's price trajectory has continued its upward movement since Saturday night's slump, exceeding $68,000 and briefly approaching $68,500 earlier today.

The broader altcoin market also exhibits a positive trend, with BNB surpassing $590 and ETH climbing beyond $2,500.

BTC Above $68K

Bitcoin experienced heightened volatility last week due to substantial inflows into spot Bitcoin ETFs. It fluctuated between $69,500 on Monday and $65,000 on Wednesday. A subsequent rally pushed it towards $69,000 on Thursday, but bears regained momentum Friday night, initiating a decline.

Amidst concerns surrounding Tether, BTC dropped to $65,500 overnight. However, bulls quickly emerged and propelled Bitcoin to $67,000 over the weekend.

Monday morning saw continued momentum for Bitcoin, which exceeded $68,000 and achieved a multi-day peak of $68,500. Despite some subsequent retracement, it remains above $68,000.

DOGE, DOT on the Rise

Elon Musk's unwavering support for Dogecoin continues to influence its price. Last night's meme about the cryptocurrency sparked a surge similar to previous instances, causing a 3-4% jump in its value. Dogecoin currently trades above $0.14.

Polkadot is another noteworthy gainer, soaring by 4% and approaching $4.20. Ethereum has risen above $2,500, BNB has surpassed $590, and other major altcoins like SOL, RP, TON, ADA, AVAX, SHIB, BCH, and LINK are also experiencing gains.

Conversely, TRX, LEO, and SUI have incurred losses. SUI has faced a significant daily decline of 4%.

The total crypto market cap has rebounded to $2.420 trillion.