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There was a dramatic resurgence on the market earlier today; however, a bearish twist is engulfing some of the most promising altcoins at the moment. After trading higher and uplifting many traders' sentiment earlier in the day, Bitcoin's (BTC) price has made a bearish U-Turn and is now trading down 1.56% in 24 hours to $61,760.25.
The native token of the Telegram-connected Open Network, Toncoin (TON), has outperformed Bitcoin (BTC) despite the recent market turbulence. Bitcoin fell by 3% over the last week, while TON increased by nearly 20%.
Bitcoin's strong rebound of the $60,000 level is encouraging but it still could be a hint that BTC's range-bound action could continue for some time.
Explore how BDAG's innovative updates elevate it beyond the Solana's and Toncoin's growth, setting a new standard for crypto investments.
As the crypto market is approaching the altcoin season, probably to begin by the summer end and continue till the end, the hunting is on for the best altcoin options. However, there are thousands of cryptocurrencies in the market, each with a different use case and performance history, making it even more challenging to choose
CNBC's Ran Neuner has recently unveiled his latest crypto picks, which, as he wrote in his post, he is "buying."
Bitcoin price looks stuck in the near term, but TON, RNDR, PEPE and AR could surprise traders by making a strong upside move.
Here is how some of your favorite assets concluded the week.
In the short term, the cryptocurrency market is experiencing a prevalent trend of trading in the red zone following the Bitcoin (BTC) halving. Bitcoin, in particular, is at the forefront of uncertainty as it struggles to maintain its price above $60,000.
Bitcoin has once again showcased its resilience by surging past the $63,000 mark. As investors hold their breath with each fluctuation, seeking clues amidst the chaos, the latest resurgence of Bitcoin and the remarkable ascent of TON Coin offer a fascinating glimpse into the ever-evolving landscape of digital currencies.
Bitcoin's failure to rise above the 20-day EMA increases the risk of a downward breakdown for BTC and many altcoins.
As cryptocurrency prices recover, three coins in the top 100 boasted price increases of 15% or more.
This strategic move enhances the shopping experience for crypto enthusiasts. It also leverages the high-speed and efficient Ton Network to facilitate smoother and more cost-effective transactions.
RNDR cheers Apple's brief mention of Render-powered 3D design software Octane.
The cryptocurrency market has gained around $50 billion amid a wider recovery that has seen the price of Bitcoin bounced back after dropping to the $60,000 resistance level to now trade above $63,000, while altcoins including Dogwifhat (WIF) and Toncoin (TON) saw double-digit gains.
Aside from WIF and TON, the other notable gainers from the larger-cap alts include SOL, IMX, and KAS.
Slow Mist founder exposes TON phishing messages, which users tricked into believing they receive cheap USDT via TON message comments.
With a Notcoin token launch set and Binance and OKX rewards revealed, Toncoin (TON) is flying high.
After recording the first monthly decline in April, the crypto market faces strong headwinds, breaking a seven-month bullish streak. After reaching a record of $73,837 based on CoinGecko data, Bitcoin (BTC) price plunged to $56,500 last week, triggering a major sell-off even in altcoins.
The total crypto market cap is below $2.4 trillion as it lost more than $170 billion in a few days.
Bitcoin's dull range-bound action is likely to continue for a few more days as the bulls and the bears battle for control of BTC price.
New data suggests a surge in cryptocurrency market activity, with Toncoin ($TON) and the meme-inspired cryptocurrency Dogecoin ($DOGE) showing surprising strength compared to established players including leading stablecoins and other altcoins such as XRP, LINK, and ADA.
Last week, cryptos to watch got their first real scare of the year.
Bitcoin remains stuck within a range, failing to rise beyond $64,500 after a brief recovery from the local lows at $56,500. With this, the crypto markets have turned slightly bullish as traders Besides, the altcoins within the top 10 briefly follow the star crypto, while others are preparing for diverse price action.
