Cryptocurrency

Bitcoin

Polygon

Daily

Rise

After slipping hard yesterday, bitcoin went on the offensive in the past 12 hours or so and exploded to a weekly high of just under $62,000. 
Aside from TRX and TON, the other larger-cap altcoins have followed suit with impressive gains from the likes of LINK, UNI, MATIC, and others. 
<h2 id="btc-eyes-62k">BTC Eyes $62K?</h2> 
It was roughly a week ago when the primary cryptocurrency dumped hard and fell from $59,600 to $56,300. However, the bulls stepped up at this point and didn’t allow any further breakdowns. Instead, BTC headed north and spent the weekend trading sideways at just shy of $60,000. 
The new business week began with <a href="https://cryptopotato.com/tron-trx-explodes-12-daily-bitcoin-btc-slips-below-60k-market-watch/" data-wpel-link="internal">another retracement</a> that drove bitcoin south to $58,000. Yet, the cryptocurrency didn’t stay there long and shot up to over $61,000 on Tuesday. 
The scenario repeated once again on Wednesday as the asset fell back down to under $59,000. More of the same followed, and bitcoin jumped to and beyond $60,000 late last night amid <a href="https://cryptopotato.com/trump-trade-bitcoin-pops-4-on-rumors-of-upcoming-rfk-dropout/" data-wpel-link="internal">rumors</a> that RFK will drop out of the US election race, which could favor pro-crypto candidate Donald Trump. 
BTC peaked at $61,800, which became a weekly high, before retracing to around $61,000 as of now. Its market cap is just over $1.2 trillion, while its dominance over the alts has increased slightly to 53.6% on CG. 
<figure id="attachment_355334" aria-describedby="caption-attachment-355334" style="width: 100%" class="wp-caption aligncenter">
 <a href="https://cryptopotato.com/wp-content/uploads/2024/08/BTCUSD-18.png" data-wpel-link="internal"><img class="size-full wp-image-355334" src="https://cryptopotato.com/wp-content/uploads/2024/08/BTCUSD-18.png" alt="Bitcoin/Price/Chart 22.08.2024. Source: TradingView" width="1835" height="819" srcset="https://cryptopotato.com/wp-content/uploads/2024/08/BTCUSD-18.png 1835w, https://cryptopotato.com/wp-content/uploads/2024/08/BTCUSD-18-300x134.png 300w, https://cryptopotato.com/wp-content/uploads/2024/08/BTCUSD-18-1024x457.png 1024w, https://cryptopotato.com/wp-content/uploads/2024/08/BTCUSD-18-768x343.png 768w, https://cryptopotato.com/wp-content/uploads/2024/08/BTCUSD-18-1536x686.png 1536w, https://cryptopotato.com/wp-content/uploads/2024/08/BTCUSD-18-50x22.png 50w" sizes="(max-width: 1835px) 100vw, 1835px"></a>
 <figcaption id="caption-attachment-355334" class="wp-caption-text">
 Bitcoin/Price/Chart 22.08.2024. Source: TradingView
 </figcaption>
</figure> 
<h2 id="link-uni-matic-on-the-rise">LINK, UNI, MATIC on the Rise</h2> 
Most altcoins have turned green today. ETH has neared $2,650 after a minor 2% increase. XRP, SOL, AVAX, DOGE, and DOT have also charted similar gains. 
BNB, ADA, SHIB, and BCH have posted more impressive increases of around 3-4%. However, the biggest gainers on a daily scale include LINK (10%), UNI (7.5%), and MATIC (11%). Polygon’s native token has soared past $0.5 as a result. 
The most notable price performers from the top 100 alts are FTM (15%), BTT (14%), BEAM (14%), and RENDER (12%). 
The total crypto market cap has recovered over $50 billion since yesterday and is up to $2.250 trillion. 
<figure id="attachment_355335" aria-describedby="caption-attachment-355335" style="width: 100%" class="wp-caption aligncenter">
 <a href="https://cryptopotato.com/wp-content/uploads/2024/08/Screenshot-2024-08-22-114957.png" data-wpel-link="internal"><img class="size-full wp-image-355335" src="https://cryptopotato.com/wp-content/uploads/2024/08/Screenshot-2024-08-22-114957.png" alt="Cryptocurrency Market Overview. Source: QuantifyCrypto" width="1884" height="832" srcset="https://cryptopotato.com/wp-content/uploads/2024/08/Screenshot-2024-08-22-114957.png 1884w, https://cryptopotato.com/wp-content/uploads/2024/08/Screenshot-2024-08-22-114957-300x132.png 300w, https://cryptopotato.com/wp-content/uploads/2024/08/Screenshot-2024-08-22-114957-1024x452.png 1024w, https://cryptopotato.com/wp-content/uploads/2024/08/Screenshot-2024-08-22-114957-768x339.png 768w, https://cryptopotato.com/wp-content/uploads/2024/08/Screenshot-2024-08-22-114957-1536x678.png 1536w, https://cryptopotato.com/wp-content/uploads/2024/08/Screenshot-2024-08-22-114957-50x22.png 50w" sizes="(max-width: 1884px) 100vw, 1884px"></a>
 <figcaption id="caption-attachment-355335" class="wp-caption-text">
 Cryptocurrency Market Overview. Source: QuantifyCrypto
 </figcaption>
</figure> 
The post <a href="https://cryptopotato.com/bitcoin-btc-price-headed-toward-62k-polygon-matic-soars-12-daily-market-watch/" rel="nofollow">Bitcoin (BTC) Price Headed Toward $62K, Polygon (MATIC) Soars 12% Daily (Market Watch)</a> appeared first on <a href="https://cryptopotato.com/" rel="nofollow">CryptoPotato</a>.

Bitcoin (BTC) Price Headed Toward $62K, Polygon (MATIC) Soars 12% Daily (Market Watch)

Table of Contents

CryptoPotato_News

Other articles published on Aug 22, 2024

DBS Launches Blockchain Solution to Streamline Government Grant Distribution in Singapore

Pepe the Wizard Solana Memecoin to Skyrocket Over 19,000% Before Exchange Listing, While DOGE and...

Weekly Article Recap: 8/12-8/16

Inside Ethereum’s Surge in Private Transactions: Who Really Pays the Price?

$700K McDonald's Truth Revealed! Solana (SOL) Based Altcoin's Price Crashed!

Nigeria Licenses Crypto Providers to Strengthen Market

Join our free newsletter for daily crypto updates!