CandleFocus Bittensor (TAO) Skyrockets 80% Weekly, Bitcoin (BTC) Stopped Ahead of $65K (Market Watch)
2024-09-23
Author: Content Editor
Bitcoin started the week by reaching a four-week high of $64,800 before facing a downward correction. While larger-cap altcoins remained sluggish, many mid- and lower-cap altcoins saw significant gains. Bitcoin experienced price volatility in the past week, initially retracing from $60,000 to under $58,000 before rising to over $64,000 and then trading sideways around $63,000 over the weekend. The current week is expected to be eventful for the entire market. Bitcoin's market capitalization has surpassed $1.250 trillion, with a dominance of 54% over altcoins. While larger-cap altcoins mostly remained stable, mid and lower-cap altcoins, such as Bittensor's native token and TAO, saw impressive increases. The total crypto market cap has risen by $20 billion to $2.320 trillion.
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