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Bitcoin continued its recent gains after regaining momentum after last week’s Federal Reserve meeting, approaching the $83,000 level before undergoing a limited pullback.
After the FOMC meeting, the price of Bitcoin once fell below US$75,000, but with the positive developments in geopolitics, the market quickly regained confidence, driving the price of Bitcoin to rise strongly, exceeding US$8,000 within a week.
After hitting a temporary peak near $83,000, the currency fell to around $80,800 and is currently settling around $81,000.
The market value of Bitcoin has also risen to approximately US$1.63 trillion, and its market dominance continues to exceed 58%.
On the other hand, attention turned to Toncoin (TON), which, after achieving daily gains of about 30%, continued to surge in price, rising by more than 120% in just one week.
The strong rally comes after Telegram announced major changes related to the operating structure of the TON network, including significantly lowering fees and revamping the verification mechanism, effectively restoring the currency’s momentum.
Some other coins also saw double gains, such as ICP, NEAR, and VIRTUAL, while major coins such as ETH, XRP, and DOGE saw some minor losses.
Overall, the market continues to maintain positive momentum, with total market capitalization remaining near $2.8 trillion.
Also read:
Bitcoin price tops $81,000, sparking talk of alternative digital currency season
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