Bitcoin advances, holds above key technical level that ether, solana can't break through
Key takeaways
- The BTC price advanced 2.4% in 24 hours to trade recently around $62,800.
- BTC's dominance rate has risen to 59% from last week's low of 57.9%, a sign of renewed capital flowing into the largest cryptocurrency as major altcoins struggle.
- In the wider market, Audiera's BEAT token jumped another 57%, taking the seven-day gain to over 500%.
The BTC price advanced 2.4% in 24 hours to trade recently around $62,800. The CoinDesk 20 Index (CD20) added 2.3% to 1,690 and the CoinDesk Memecoin Index (CDMEME) led gains with a 2.7% increase.
BTC's dominance rate has risen to 59% from last week's low of 57.9%, a sign of renewed capital flowing into the largest cryptocurrency as major altcoins struggle. The bitcoin price has held its 200-week average even as other majors such as XRP, ether (ETH) and solana (SOL) trade below the key technical line, suggesting strengthening bearish momentum in altcoins.
In the wider market, Audiera's BEAT token jumped another 57%, taking the seven-day gain to over 500%. Audiera is a Web3 entertainment and rhythm gaming platform built on BNB Chain that treats AI characters and virtual idols as economic participants.