Dogecoin (DOGE) Surges 5% Daily, Bitcoin (BTC) Surges Above $61,000 (Weekend Watch)

Bitcoin price movements over the weekend returned to a much calmer state, and the asset remained relatively stable at just over $61,000.

Altcoins are mostly in the green, with BNB and DOGE being the best performers among the larger caps.

BTC Surpasses $61,000

Last weekend, bears pushed the primary cryptocurrency from $66,000 on Friday to $57,000 on Sunday night. The situation worsened on Monday and the price dropped massively to $49,500, which became BTC’s lowest position in about six months.

However, the asset began to recover in the days that followed. This culminated on Friday morning with a rise to nearly $63,000, meaning that bitcoin has recovered more than $13,000 in value in less than a week.

However, the cryptocurrency failed to maintain its run and retreated by a few thousand dollars. Since then, the market has been choppy, but BTC has managed to stay above $61,000 for the past 24 hours.

Its market cap has surpassed $1.2 trillion, while its dominance over altcoins has declined slightly after the recent multi-year milestone and now stands at just under 54%.

DOGE soars

Most altcoins have seen gains over the past 24 hours, led by the largest meme coin. DOGE has surged 5% and hit $0.11 for the first time in days. Binance Coin is the other impressive gainer among the larger-cap altcoins, surging just over 4%. As a result, BNB is now sitting above $530.

ETH, SOL, XRP, ADA, AVAX, SHIB, and BCH are also slightly in the green, while TON and other larger-cap alts are in the red.

Aptos and FET are the two best performing companies in the mid-sized cohort, with gains of 7% and 9% respectively.

The total cryptocurrency market cap increased by about $20 billion overnight and now stands at $2.245 trillion on CG.