Tokens such as VIRTUAL, NEAR Protocol, and VVV also recorded strong gains over the past 24 hours.
Bitcoin’s recent rally, which accelerated after last week’s FOMC meeting, pushed the leading cryptocurrency close to $83,000 before sellers triggered a pullback of several thousand dollars.
Most major altcoins posted losses between 3% and 4% during the past day, although BNB, Solana, and Cardano managed to remain in positive territory.
Bitcoin Stabilizes Above $81K
Bitcoin briefly dropped below $75,000 last Wednesday following the conclusion of the US Federal Reserve’s third FOMC meeting of the year, where policymakers decided to keep interest rates unchanged.
Even though markets largely expected the decision, it still sparked notable volatility across the crypto sector.
Sentiment improved in the following days as Bitcoin climbed to nearly $79,000 on Friday after reports emerged of a peace proposal from Tehran to Washington. Despite the proposal being rejected, Bitcoin continued trading above the $78,000 level throughout the weekend.
Bullish momentum strengthened again on Monday, sending Bitcoin above $80,000 for the first time in three months. Although the rally initially stalled, buying pressure returned on Tuesday and Wednesday, pushing the asset close to $83,000.
After adding roughly $8,000 within a week, Bitcoin eventually entered a correction phase. The cryptocurrency fell to around $80,800 before finding support and rebounding above $81,500.
Bitcoin’s market capitalization has now climbed to approximately $1.635 trillion, while its dominance over the altcoin market remains above 58.5%.
TON Extends Massive Rally
Toncoin continued its explosive rally after Telegram announced plans to replace the TON Foundation as the network’s largest validator while also cutting transaction fees by as much as six times.
The announcement fueled another 30% surge in TON over the last 24 hours, pushing its weekly gains beyond 120% at the time of writing.
Other cryptocurrencies posting double digit gains included VIRTUAL, SIREN, VVV, NEAR Protocol, and Internet Computer.
Meanwhile, BNB, Solana, and Cardano recorded moderate gains, while Ethereum, XRP, Dogecoin, BCH, and ZEC experienced slight declines.
The total cryptocurrency market capitalization remains just below the $2.8 trillion mark.#crypto#cryptonews https://coinsignals.nethttps://t.me/coinsignalpublic
