STABLE also posted notable gains, while one little known altcoin recorded an eye catching 360% rally on CoinGecko.
Bitcoin failed to build on the momentum it generated earlier this week, slipping toward the $65,000 level before finding support. Meanwhile, most large cap altcoins traded within a narrow range over the past 24 hours, with WLFI emerging as one of the standout performers.
Bitcoin Stabilizes Below $66K
Bitcoin ended last week on a weaker note after failing to extend its rally above $65,600, which followed the release of favorable US Consumer Price Index data for June. Selling pressure pushed the leading cryptocurrency down to $62,500 on Friday, but the decline proved short lived as BTC recovered to around $64,000 over the weekend.
The asset attempted another move above $65,000 on Monday but was once again rejected, retreating to approximately $63,750. Buyers quickly stepped in, fueling a two day recovery that lifted Bitcoin to $67,000 on Tuesday morning, its highest level in more than a month.
Despite the strong rebound, BTC was unable to break above that resistance and has since eased back to $65,600 before dipping to $65,300 earlier today. That level attracted renewed buying interest, allowing the cryptocurrency to stabilize just below the $66,000 mark.
Bitcoin’s market capitalization remains under $1.32 trillion, while its share of the overall crypto market has slipped to 56.5%, according to CoinGecko.
BCAP Explodes While WLFI Leads Major Altcoins
A new entrant among the top 100 cryptocurrencies by market capitalization stole the spotlight today. Blockchain Capital’s BCAP surged by more than 360% over the past 24 hours, reaching roughly $106. CoinGecko, however, showed zero reported trading volume despite the token approaching a market capitalization of nearly $1 billion.
Among established cryptocurrencies, WLFI posted the strongest performance, climbing more than 11% to trade around $0.063. STABLE also recorded solid gains, while HBAR and UNI advanced by roughly 4% each.
Elsewhere, most major altcoins posted modest increases of up to 2%, including XMR. In contrast, BCH, XLM, CC, and TRX traded slightly lower over the same period.
The total cryptocurrency market capitalization remained largely unchanged at just above $2.3 trillion, according to CoinGecko.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic
