The Bitcoin price recovery continues after the recent massacres, and the cryptocurrency has currently climbed to around $65,000.
Altcoins are even more in the green now, with ETH and BNB up around 4%, while SHIB has stolen the show.
Bitcoin targets $65,000
It’s safe to say that the week leading up to the fourth Bitcoin halving was quite painful. The asset fell from over $70,000 to $65,000 last Friday before dropping to $61,000 a day later.
After regaining ground on Monday, BTC experienced another free fall mid-week and another on Friday amid escalating tensions between Iran and Israel. The latest massive drop took BTC below $60,000 just hours before the highly anticipated halving.
However, the cryptocurrency soared by more than five thousand dollars over the next half day and stood at around $65,000 once the halving was completed.
Since then, there has been little volatility and Bitcoin is currently hovering around $65,000 again after failing to hit $66,000 earlier today. Its market capitalization remains below $1.3 trillion, while its dominance in alternative assets has taken a hit and fallen to just under 51%.
SHIB takes the main stage
Altcoins have performed much better than BTC over the past 24 hours, led by the second largest meme coin – Shiba Inu. SHIB climbed 18% and is now trading above $0.000027.
Other low-cap meme coins also showed double-digit gains, such as BONK, FLOKI, and PEPE.
Solana, Avalanche, Bitcoin Cash, Dogecoin, Chainlink, Polygon and Polkadot are also well in the green, with gains of around 6-8%.
The total crypto market capitalization increased by over $50 billion in a day and stands above $2.5 trillion on CG.
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