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WLFI Pumps by Double Digits as Bitcoin (BTC) Settles Below $66K: Market Watch

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Bitcoin’s price ascent from earlier this week couldn’t continue in the past 36 hours or so, and the asset even dipped toward $65,000, where it found some support.

Most larger-cap alts have remained sideways on a 24-hour scale, aside from WLFI, which has rocketed by double digits.

BTC Calms Below $66K

The end of the previous business week saw another rejection for BTC, which had pumped to $65,600 a few days prior after the favorable US CPI data for June. After the bears stepped up, though, the asset slipped to $62,500 on Friday. Nevertheless, this was a short-term decline, and the cryptocurrency rebounded to $64,000 over the weekend.

It even challenged $65,000 on Monday morning before it was stopped again. This time, the retracement was a lot more modest, taking bitcoin south to $63,750.

The bulls intervened at this point and initiated a couple of consecutive leg-ups that culminated on Tuesday morning with a surge to $67,000. This became bitcoin’s highest price tag in over a month. However, it couldn’t breach that level and dipped to $65,600 yesterday and $65,300 earlier today. The latter provided the necessary support, and BTC has now calmed at just under $66,000.

Its market capitalization has stalled below $1.320 trillion, while its dominance over the alts has fallen to 56.5% on CG.

BTCUSD July 23. Source: TradingView
BTCUSD July 23. Source: TradingView

The 360% Gainer

The top 100 alts by market cap have a new rep as of today, and it’s also the most significant gainer (on CoinGecko). Blockchain Capital’s BCAP has skyrocketed by over 360% in the past 24 hours to a price tag of $106. However, CG reports $0 trading volume, while the market cap has neared $1 billion.

WLFI has jumped the most from the proven altcoins, pumping by over 11% to $0.063. STABEL follows suit, while HBAR and UNI are up by around 4% each. Meanwhile, most other larger-cap alts have marked gains of up to 2%, including XMR. BCH, XLM, CC, and TRX, on the other hand, are slightly in the red.

The total crypto market cap has remained sideways at just over $2.3 trillion on CG.

Cryptocurrency Market Overview July 23. Source: QuantifyCrypto
Cryptocurrency Market Overview July 23. Source: QuantifyCrypto

 

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