The cryptocurrency market continues into the weekend on a calmer note following what was surely a rather volatile week of trading.
Bitcoin’s price is attempting to stabilize near an important short-term resistance area, while some altcoins are outperforming sharply, led by Worldcoin’s double-digit daily surge.
Bitcoin has remained relatively calm during the weekend trading session after a volatile few days. The cryptocurrency is still fighting to press above an important short-term resistance level.
BTC’s price trades slightly below $74K at the time of this writing, gaining roughly 0.5% over the past 24 hours. It’s evident that buyers are trying to recover some ground following the market-wide pullback that took place last week.
The most recent price action comes as the broader cryptocurrency market stabilizes, with total capitalization hovering around $2.58 trillion, according to CoinGecko. Bitcoin’s dominance remains above 57%. However, the momentum remains fragile, as traders continue to watch macro headlines, with Trump saying they are under no deadline to strike a deal with Iran, meaning uncertainty is likely to continue for the time being.
Source: TradingViewThe altcoin market saw mixed results over the past 24 hours, although several large-cap names posted strong daily moves.
Worldcoin (WLD), the Sam Altman-linked project, stole the show after increasing by about 11% to jump around $0.33. Other top gainers from the top 100 cryptocurrencies by total market cap include Venice Token (VVV ($17.80 · Live)), Humanity (H), and Midnight, all of which post notable advances.
BNB ($708.76 · Live) and TOn also sttod out among the larger-cap assets with gains of more than 7%.
On the flipside, Monero’s XMR ($361.97 · Live) was the weakest top-100 performer, dropping by roughly 8%, while most other major altcoins saw more modest moves.
Source: Quantify CryptoThe post Sam Altman-Backed Crypto Explodes 10% Today as Bitcoin Eyes $74K: Weekend Watch appeared first on CryptoPotato.
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