CandleFocus Bitcoin Price Pumps Above $62,000 but This Viral Meme Coin Skyrockets 25%: Weekend Watch
2024-10-05
Author: Content Editor
Bitcoin experienced some volatility over the past 24 hours, reaching a low of around $60,800 before bouncing back above $62,000. This uptick in Bitcoin's price has also allowed smaller altcoins to recover, with meme coins seeing significant gains, such as POPCAT which increased by 25%. The derivatives market suffered losses, with over $110 million worth of leveraged positions wiped out, primarily in short positions. Overall, the sentiment in the market has improved compared to the previous day when there was fear. Most altcoins, including large caps like XRP, ADA, and ETH, are trading in the green with modest gains.
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