The Bitcoin price had a relatively quiet weekend, hovering around $66,000 again after the cryptocurrency has experienced these ebbs in recent weeks.
Nearly all crypto assets declined by double digits this week, with BNB and NEAR being the worst performers, while UNI and TON were somewhat an exception.
Bitcoin had a volatile week
Bitcoin had a rather uneventful weekend around the $69,500 area before a Monday surge above $70k, only to experience a decline of $4k shortly after it.
Bitcoin’s fluctuation occurred while waiting for the US CPI and FOMC meeting; increasing inflation contributed to the BTC price rise to $70,000, but waning expectations of rate cuts led to a decrease in price.
From a Friday low of $65,000, Bitcoin started a rebound and has been trading above $66,000 for the last 36 hours.
Since then, the market capitalization of Bitcoin has remained above $1. 3 trillion.
Weekly Market Recap: Biggest Gainers and Losers
This weekend, larger-cap altcoins remained sluggish, so let’s review their weekly performances: TONCOIN rose by 10% to be valued at $7. 8; conversely, UNI rose by 15%, reaching over $11. 5, it ranked as the most gained stock since last Sunday.
On the flip side, BNB declined 11% and is currently trading at $606 from its all-time high of over $715, and NEAR, along with SHIB, are some of the larger-cap alts with double-digit losses.
ETH, DOT, BCH, AVAX, ADA, MATIC, SOL, and DOG have minor losses compared to other coins, like LINK, but with fewer fluctuations.
The cryptocurrency market lost more than $120 billion in a week, and the market cap now stands at $2. 550 trillion.
