Release: 2024/09/27 22:29 Reading: 915
Bitcoin Breaks $66,000 as Altcoins Surge
Bitcoin (BTC), the leading cryptocurrency, has surpassed $66,000, signaling a potential end to a two-quarter slump for altcoins.
Bitcoin's Rise
For the first time in 58 days, BTC has tested the $66,000 level. It is currently hovering around $66,000, having shown positive movements from $57,255 in recent months. However, significant resistance levels remain at $68,300 and $71,550.
src="/uploads/20240927/172745101266f6cf8492f1b.png">
Altcoins Rally
The surge in Bitcoin has ignited a resurgence in altcoins. Shiba Coin has risen by 25%, while DOGE has surpassed $0.12. Many other top-100 cryptocurrencies have recorded double-digit gains over the last 24 hours, primarily among meme coins.
Market Outlook
The total market capitalization of cryptocurrencies has increased from $2.22 trillion to $2.31 trillion, while Bitcoin's market dominance has decreased to 56.3%. The fear and greed index remains just above neutral at 54.
If Bitcoin can maintain its position above $66,000 into the weekend, further altcoin rallies are expected in the coming days.
We are building the most influential,trusted information platform for aglobal community engaged in thd transformation of the financial system andthe emerging crypto economy.PEPE is an integrated platform for media,events,data & indices for the next generation fo investing and the future of money.
Get in touch with the PEPE team at admin@pepecoinbuy.com