BONK Daily Surge of 20%, Bitcoin (BTC) Holds at $108,000: Weekend Watch BONK and BONK Daily Surge of 20%, Bitcoin (BTC) Holds at $108,000: Weekend Watch
BONK and TON are today's best-performing cryptocurrencies.
Bitcoin's stagnation continues as the asset has made little attempt to break through the $108,000 mark.
While most major altcoins have seen little increase, TON and BONK became the biggest gainers on a relatively calm Sunday morning.
BTC price remains calm around $108,000
For this mainstream cryptocurrency, it has been relatively calm lately. In fact, the last significant price fluctuation occurred about two weeks ago—on June 23 and 24—when the price dropped to $98,000, but surged above $105,000 a day after the outbreak of conflict in the Middle East.
However, since then, the asset has been hovering in a narrow trading range between $105,000 and $110,000. On Wednesday, Bitcoin tested the lower limit, and bulls subsequently stepped in, pushing it toward the upper limit.
On Thursday, Bitcoin's price briefly surged to a multi-week high of $110,500, showing signs of a breakout, but bears stepped in at that time, preventing it from setting a new all-time high.
Since then, Bitcoin's movement has remained relatively unchanged, quickly rebounding to $108,000, and it has not fluctuated from that level for several days. Its market cap remains steady at $2.15 trillion, with its dominance over altcoins exceeding 63% on CG.
BONK Soars
As shown in the chart below, most major altcoins have seen slight increases in their daily charts. Cryptocurrencies like ETH, BNB, SOL, TRX, DOGE, ADA, BCH, LINK, and XRP have seen minimal gains. In contrast, HYPE and PI have weakened in the past 24 hours.
The biggest gainers are TON and BONK. The former is up over 9%, currently priced at $3, while this meme coin has surged by 20%, currently trading at $0.000022.
The total market capitalization of all crypto assets remains relatively stable at $3.4 trillion.