Bitcoin surged above $63,000 today, while a viral meme coin is trending again.
After a few days of lackluster performance, bulls appear to be back in the market, with the total cryptocurrency market capitalization increasing by nearly $70 billion in the past 24 hours.
The recovery has attracted widespread attention as Bitcoin has rebounded significantly to $63,000 in the past 24 hours. Let’s take a look at the specifics.
Bitcoin price is recovering
Just a few days ago, Bitcoin fell below $60,000 and even briefly dipped below $59,000.
Fortunately, bulls quickly returned, fueling a strong rally that saw Bitcoin climb to a high of around $63,400 earlier today. Although prices have since pulled back slightly, Bitcoin is still up 3.4% over the past 24 hours.
It is worth noting that Bitcoin has outperformed other cryptocurrencies in the top ten by market capitalization.
About $120 million of leveraged positions were liquidated across the crypto market, most of which were short positions. Market sentiment has improved significantly compared to yesterday and is currently neutral, up 17 points on the day.
Altcoins in a sea of green
As you can see in the heatmap below, altcoins are performing strongly and are almost all in profit.
Some of the larger coins, such as ETH, BNB, SOL, XRP, DOGE, TRX, TONCOIN and ADA, all recorded small gains of 0.5% to 3%. It is worth mentioning that Bitcoin's gains have successfully surpassed these altcoins.
Nonetheless, one of the best performing coins today is NEIRO on ETH, a viral meme coin with an active online community. In the past 24 hours, NEIRO’s price has managed to surge by more than 40%.
Overall, WhiteBIT Coin (WBT) is the second best performing coin in the top 100, up nearly 30%, followed by Ethenea (ENA) with a 25% gain.
Uniswap (UN), on the other hand, is down 2% on the day, but it’s worth noting that UNI is up 17% over the past week.
