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After several days of trading sideways and mostly losing value, BTC’s price went on the offensive in the past 12 hours or so and even neared $60,000.
The altcoins are also slightly in the green today, with more impressive gains coming from the likes of BNB, SOL, XRP, and DOGE.
<h2 id="btc-taps-59k">BTC Taps $59K</h2>
The past week didn’t go well for the primary cryptocurrency, even though it started quite positively, with a surge to just over $65,100. However, the bears came out of the woods and didn’t allow any further increases.
Just the opposite, bitcoin started to lose ground fast and had dumped to $58,000 by Wednesday. After another unsuccessful breakout stopped at $61,000, the asset retraced even further. This <a href="https://cryptopotato.com/bitcoin-recovers-from-a-dip-to-57k-floki-dumps-5-daily-market-watch/" data-wpel-link="internal" rel="noopener noreferrer nofollow">culminated</a> in a price drop to under $57,200 recorded yesterday, which became its lowest level in about two weeks. Perhaps the most probable reason behind these declines was the <a href="https://cryptopotato.com/weekly-etf-recap-bitcoin-sees-massive-outflows-minimal-demand-for-ethereum/" data-wpel-link="internal" rel="noopener noreferrer nofollow">outflows</a> from the spot Bitcoin ETFs.
The bulls finally stepped up at this point. They initiated a leg-up that pushed the cryptocurrency to just under $60,000 earlier today. Nevertheless, it failed to overcome that level and the subsequent rejection has driven it south by about a grand.
Its market cap has increased slightly to $1.160 trillion, but its dominance over the alts is down to 53.9% on CG.
<figure id="attachment_357664" aria-describedby="caption-attachment-357664" style="width: 100%" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2024/09/BTCUSD-2.png" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img class="size-full wp-image-357664" src="https://cryptopotato.com/wp-content/uploads/2024/09/BTCUSD-2.png" alt="Bitcoin/Price/Chart 03.09.2024. Source: TradingView" width="1835" height="819" srcset="https://cryptopotato.com/wp-content/uploads/2024/09/BTCUSD-2.png 1835w, https://cryptopotato.com/wp-content/uploads/2024/09/BTCUSD-2-300x134.png 300w, https://cryptopotato.com/wp-content/uploads/2024/09/BTCUSD-2-1024x457.png 1024w, https://cryptopotato.com/wp-content/uploads/2024/09/BTCUSD-2-768x343.png 768w, https://cryptopotato.com/wp-content/uploads/2024/09/BTCUSD-2-1536x686.png 1536w, https://cryptopotato.com/wp-content/uploads/2024/09/BTCUSD-2-50x22.png 50w" sizes="(max-width: 1835px) 100vw, 1835px"></a>
 <figcaption id="caption-attachment-357664" class="wp-caption-text">
 Bitcoin/Price/Chart 03.09.2024. Source: TradingView
 </figcaption>
</figure>
<h2 id="wif-in-the-zone">WIF in the Zone</h2>
Most altcoins have charted some gains in the past 24 hours after the recent declines. ETH has jumped to over $2,500 after a 1.5% daily increase, while BNB is the top performer from the larger caps. Binance Coin has soared by 4.5% and now trades close to $535.
SOL, XRP, and DOGE are also up by over 2%, while TRX is among the few larger-cap alts in the red.
SUI has soared by 6% to $0.8, but even more impressive gains come from the likes of OM, WIF, and FLOW. All of those have charted double-digit increases, with OM and WIF soaring by 12%.
The total crypto market cap has recovered about $50 billion daily and is up to $2.160 trillion on CG.
<figure id="attachment_357666" aria-describedby="caption-attachment-357666" style="width: 100%" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2024/09/Screenshot-2024-09-03-114230.png" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img class="size-full wp-image-357666" src="https://cryptopotato.com/wp-content/uploads/2024/09/Screenshot-2024-09-03-114230.png" alt="Cryptocurrency Market Overview. Source: QuantifyCrypto" width="1882" height="824" srcset="https://cryptopotato.com/wp-content/uploads/2024/09/Screenshot-2024-09-03-114230.png 1882w, https://cryptopotato.com/wp-content/uploads/2024/09/Screenshot-2024-09-03-114230-300x131.png 300w, https://cryptopotato.com/wp-content/uploads/2024/09/Screenshot-2024-09-03-114230-1024x448.png 1024w, https://cryptopotato.com/wp-content/uploads/2024/09/Screenshot-2024-09-03-114230-768x336.png 768w, https://cryptopotato.com/wp-content/uploads/2024/09/Screenshot-2024-09-03-114230-1536x673.png 1536w, https://cryptopotato.com/wp-content/uploads/2024/09/Screenshot-2024-09-03-114230-50x22.png 50w" sizes="(max-width: 1882px) 100vw, 1882px"></a>
 <figcaption id="caption-attachment-357666" class="wp-caption-text">
 Cryptocurrency Market Overview. Source: QuantifyCrypto
 </figcaption>
</figure>
The post <a href="https://cryptopotato.com/bitcoin-btc-price-taps-59k-dogwifhat-wif-skyrockets-12-daily-market-watch/" rel="noopener noreferrer nofollow">Bitcoin (BTC) Price Taps $59K, Dogwifhat (WIF) Skyrockets 12% Daily (Market Watch)</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.

Bitcoin (BTC) Price Taps $59K, Dogwifhat (WIF) Skyrockets 12% Daily (Market Watch)

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