Bitcoin

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Shiba Inu

Bitcoin’s price briefly surged to over $65,000 but dropped by more than $2,000 shortly after news about Mt. Gox emerged.Meanwhile, many altcoins, especially meme coins, have seen their prices soar by double digits in the past day.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/6d726696f0fb43d28fa5acaf7c19b7c1.png" /><h3 id="bitcoin-s-price-volatility-recovery-surge-and-drop-amid-mt-gox-news">Bitcoin’s Price Volatility: Recovery, Surge, and Drop Amid Mt. Gox News</h3>Bitcoin ended the previous volatile week on a positive note, recovering some recent losses and stabilizing around $58,000. The weekend was anticipated to be quieter, but the failed assassination attempt on pro-crypto US presidential candidate Donald Trump introduced significant volatility.<a href="https://cryptosheadlines.com/bitcoin-price-surges-on-us-feds-jerome-powell-rate-hike-hints/" rel="noopener noreferrer nofollow">Bitcoin’s price initially surged</a>, reaching $60,000 for the first time in over a week. This <a href="https://cryptosheadlines.com/shiba-inu-burn-rate-soars-800-with-4-trillion-shib-whale-move-continued-rally/" rel="noopener noreferrer nofollow">rally continued</a> into Monday, pushing the price to $63,000, marking a two-week high. On Tuesday, <a href="https://cryptosheadlines.com/bitcoin-hits-46000-whales-eye-quant-and-borroe-finance-in-first-mover-americas/" rel="noopener noreferrer nofollow">Bitcoin hit</a> $65,000, recovering over $10,000 since the July 5 crash.However, the mood shifted dramatically with news about Mt. <a href="https://cryptosheadlines.com/mt-gox-moves-bitcoin-for-repayments/" rel="noopener noreferrer nofollow">Gox moving billions in Bitcoin</a>. The market responded with a sharp decline, and within hours, Bitcoin’s price dropped by $2,500 to $62,500. Consequently, its market capitalization fell to $1.234 trillion, and its dominance over altcoins decreased to 51.2%.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/e582395838824a16bdcfa2643f62a9a3.png" />Bitcoin/Price/Chart 16.07.2024 Source: TradingView<h3 id="market-overview-altcoins-decline-as-meme-coins-surge">Market Overview: Altcoins Decline as Meme Coins Surge</h3>Most large-cap altcoins have turned negative <a href="https://cryptosheadlines.com/meme-coins-top-5-to-buy-for-big-gains-today/" rel="noopener noreferrer nofollow">today after several days of gains</a>. Major cryptocurrencies such as Ethereum (ETH), Solana (SOL), Binance Coin (BNB), Toncoin (TON), Cardano (ADA), TRON (TRX), Avalanche (AVAX), and Polkadot (DOT) are showing losses, with Polkadot’s native token experiencing a notable drop of nearly 5%.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/6d726696f0fb43d28fa5acaf7c19b7c1.png" />In contrast, meme coins have emerged as the day’s biggest winners. Pepe Coin (PEPE) has surged by 16% in the past 24 hours, reaching above $0.000013. OM has shown a similar rise, while Dogwifhat (WIF) and Floki Inu (FLOKI) have increased by 14% and 13%, respectively.Despite the downturn in some areas, the total cryptocurrency market cap remains above $2.4 trillion, though it has decreased by $50 billion from its peak earlier today.<a href="https://cryptosheadlines.com/wld-coin-team-postpones-token-unlock/" rel="noopener noreferrer nofollow">Also Read: WLD Coin Team Postpones Token Unlock</a><img src="https://academy-public.coinmarketcap.com/optimized-uploads/e00ccd8226a54830a93a38ad471f1d0e.png" />Cryptocurrency Market Overview. Source: QuantifyCrypto<img src="https://academy-public.coinmarketcap.com/optimized-uploads/1f33b045ecc64915a05c199323e87445.png" />Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

PEPE- WIF- FLOKI Jump Double Digits; BTC Falls After Mt. Gox News

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