Shiba

Solana

SATS

Shiba Inu

Daily

Bitcoin’s positive price actions on Friday evening continued in the past 12 hours or so and the asset touched $65,000 for the first time since August 3.
Several altcoins have produced impressive gains as well within the same timeframe, with SATS surging by 25%, followed by FET (19%), and SUI (15%).
<h2 id="btc-on-the-65k-road">BTC on the $65K Road</h2>
The end of this business week was quite different than the previous one when BTC slumped to $56,000 on Thursday but managed to recover some ground on Friday and during the weekend. However, Monday started with another retracement when the asset slumped from $60,000 to $58,000.
The bulls managed to intervene and prevent any further declines, but the rest of the week, at least until Friday evening, was quite <a href="https://cryptopotato.com/bitcoin-btc-price-headed-toward-62k-polygon-matic-soars-12-daily-market-watch/" data-wpel-link="internal" rel="noopener noreferrer nofollow">uneventful</a>. That’s when positive news from the US emerged, including Fed Chair Jerome Powell’s <a href="https://cryptopotato.com/heres-everything-you-need-to-know-about-powells-jackson-hole-speech/" data-wpel-link="internal" rel="noopener noreferrer nofollow">promise</a> to start cutting the interest rates, and BTC <a href="https://cryptopotato.com/over-130m-in-liquidations-as-bitcoin-skyrockets-to-a-3-week-peak-after-powells-rate-cut-promise/" data-wpel-link="internal" rel="noopener noreferrer nofollow">went on the run</a>.
In a matter of hours, the asset went from just over $60,000 to $64,000. After a minor correction, it went on the offensive once again and jumped to $65,000 for the first time in over three weeks.
Despite retracing by around $800 since then, BTC is still 5% up on the day and sits above $64,000. Its market cap has soared to $1.270 trillion, and its dominance over the altcoins is up to 53.8%.
<figure id="attachment_355815" aria-describedby="caption-attachment-355815" style="width: 100%" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2024/08/BTCUSD-21.png" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img class="size-full wp-image-355815" src="https://cryptopotato.com/wp-content/uploads/2024/08/BTCUSD-21.png" alt="Bitcoin/Price/Chart 24.08.2024. Source: TradingView" width="1835" height="819" srcset="https://cryptopotato.com/wp-content/uploads/2024/08/BTCUSD-21.png 1835w, https://cryptopotato.com/wp-content/uploads/2024/08/BTCUSD-21-300x134.png 300w, https://cryptopotato.com/wp-content/uploads/2024/08/BTCUSD-21-1024x457.png 1024w, https://cryptopotato.com/wp-content/uploads/2024/08/BTCUSD-21-768x343.png 768w, https://cryptopotato.com/wp-content/uploads/2024/08/BTCUSD-21-1536x686.png 1536w, https://cryptopotato.com/wp-content/uploads/2024/08/BTCUSD-21-50x22.png 50w" sizes="(max-width: 1835px) 100vw, 1835px"></a>
 <figcaption id="caption-attachment-355815" class="wp-caption-text">
 Bitcoin/Price/Chart 24.08.2024. Source: TradingView
 </figcaption>
</figure>
<h2 id="sol-shib-rise">SOL, SHIB Rise</h2>
Most altcoins are in the green today as well. Ethereum has surged by over 3% in the past 24 hours and sits above $2,760. Ripple, Toncoin, Dogecoin, Tron, Cardano, Avalanche, Bitcoin Cash, and Polkadot are also with gains of up to 5%.
Solana and Shiba Inu are the best performers from the larger-cap alts. Both assets are up by about 6%, which has helped SOL rise to over $150, while SHIB is up to $0.000015.
Further gains from the top 100 alts come from SATS (25%), FET (19%), SUI (15%), WIF (15%), SEI (13%), and PEPE (12%).
The total crypto market cap has added around $100 billion since yesterday and is up to $2.360 trillion.
<figure id="attachment_355816" aria-describedby="caption-attachment-355816" style="width: 100%" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2024/08/Screenshot-2024-08-24-111224.png" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img class="size-full wp-image-355816" src="https://cryptopotato.com/wp-content/uploads/2024/08/Screenshot-2024-08-24-111224.png" alt="Cryptocurrency Market Overview. Source: QuantifyCrypto" width="1879" height="827" srcset="https://cryptopotato.com/wp-content/uploads/2024/08/Screenshot-2024-08-24-111224.png 1879w, https://cryptopotato.com/wp-content/uploads/2024/08/Screenshot-2024-08-24-111224-300x132.png 300w, https://cryptopotato.com/wp-content/uploads/2024/08/Screenshot-2024-08-24-111224-1024x451.png 1024w, https://cryptopotato.com/wp-content/uploads/2024/08/Screenshot-2024-08-24-111224-768x338.png 768w, https://cryptopotato.com/wp-content/uploads/2024/08/Screenshot-2024-08-24-111224-1536x676.png 1536w, https://cryptopotato.com/wp-content/uploads/2024/08/Screenshot-2024-08-24-111224-50x22.png 50w" sizes="(max-width: 1879px) 100vw, 1879px"></a>
 <figcaption id="caption-attachment-355816" class="wp-caption-text">
 Cryptocurrency Market Overview. Source: QuantifyCrypto
 </figcaption>
</figure>
The post <a href="https://cryptopotato.com/bitcoin-exploded-to-65k-while-solana-and-shiba-inu-gained-6-daily-weekend-watch/" rel="noopener noreferrer nofollow">Bitcoin Exploded to $65K While Solana and Shiba Inu Gained 6% Daily (Weekend Watch)</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.

Bitcoin Exploded to $65K While Solana and Shiba Inu Gained 6% Daily (Weekend Watch)

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