Top Crypto Performers of the Week as Bitcoin Stabilizes at $63K

Following a week of intense and volatile trading, bitcoin’s price stabilized over the weekend, settling at $63,000.

Many altcoins have also experienced a pause in their daily movements; however, the weekly perspective reveals significant gains for several assets, including TAO, SUI, APT, and others.

Bitcoin Stabilizes at $63K

The week began with a price drop that saw BTC decrease from over $60,000 to below $58,000. Mid-week volatility was anticipated as the US Federal Reserve convened to discuss interest rate cuts. Following the meeting, during which the central bank reduced rates by 0.5%, BTC experienced dramatic fluctuations.

Ultimately, the bulls managed to steer the cryptocurrency from under $59,500 to a peak of over $64,000 registered on Friday, marking bitcoin’s highest valuation in over three weeks.

However, it struggled to maintain this upward momentum, retracting slightly by more than a thousand dollars. Since then, it has mainly been trading sideways around $63,000. Despite this, it has risen by 4.6% on a weekly basis, boosting its market capitalization to just over $1.240 trillion.

Bitcoin’s dominance over altcoins, however, has decreased by 1% in the past few days to 54% (according to CG), slipping from its earlier peak of 55% this week.

Leading Gainers

As noted earlier, the week proved fruitful for the majority of crypto assets. Ethereum has appreciated by 7% during this period, now trading close to $2,700. SOL has also risen by a similar percentage, reaching $147. BNB (5.5%) is trading above $585, SHIB has seen a boost of 6%, while AVAX has nearly gained 10%, currently above $27.

Among larger-cap altcoins, the standout performers include TAO (47%), SUI (37%), and APT (28%). Consequently, TAO is priced at $477, SUI is nearing $1.5, and APT is trading at $7.85.

The total cryptocurrency market capitalization has expanded by more than $100 billion since last Sunday, now standing at $2.3 trillion according to CG.