The crypto market rejuvenated during the weekend, showing signs of life. Bitcoin, Ethereum, and other top cryptos gained value they had lost in the past 7 days.
BTC is eyeing the 63,500-dollar mark, Ethereum is nearing 2,500 dollars, and other top-ranked cryptos are also close to pivotal resistance levels. The Fear and Greed Index also reinforces the sentiment.
According to Cointree, the metric is at 50, showing a neutral stance among crypto traders. To help traders understand the industry, here is a quick overview of the market.
Bitcoin
The market leader made quick strides during the weekend, gaining back 2.48% value in 24 hours. It is currently trading at 63,485 dollars, eyeing the 64,500-dollar mark.
Its 7-day performance chart still shows a dip of 1.79%. In terms of market development, Metaplanet made waves by buying 7 million dollars worth of Bitcoin. UAE has also decided to change its tax policies, which has boosted BTC’s prices.
Bitcoin’s 24-hour trading volume has also surged by 58% in the past 24 hours, bringing it to rank 2.
Ethereum
Similar to Bitcoin, Ethereum gained 2.89% in 24 hours. It is currently trading at 2,488 dollars, nearing the 2,500-dollar mark.
It has lost 5.81% of its value in the past week, but it appears to be getting back on track. The upcoming Ethereum upgrade reduces block times and enhances throughput, helping ETH gain value among traders. Whales are also holding ETH as it eyes its resistance level at 2,508 dollars.
Dogecoin
DOGE led the meme coin market on Sunday with 4.98% growth. The OG meme token trades at 0.1143 dollars, comfortably above the 0.11-dollar mark.
The coin’s 7-day performance chart shows a dip of 7.30%, yet it remains in a profitable position. The coin has not made any market development and is merely relying on market forces. Even then, the coin witnessed a 56% surge in its 24-hour trading volume, taking it to rank 16th.
Shiba Inu
SHIB outperformed DOGE over the weekend, earning 6.59% value in 24 hours. It is currently trading at 0.00001843 dollars, with a weekly dip of 2.14%.
SHIB, like DOGE, has not made any market development. Even then, the coin is showing a 78% surge in 24-hour trading volume (ranked 18th). Its market cap has also grown by 6.48%, taking it to rank 13.
Popcat
Popcat, the SOL-based meme coin, rode the bullish sentiment to register a 20.23% growth in 24 hours.
The coin is now nearing the 1.50-dollar mark, currently trading at 1.45 dollars. With the buzz surrounding meme coins surging, the coin is expected to explode in October. When it comes to 24-hour trading volume, it is now ranked 41, while its market cap is ranked 55.
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