Litecoin Skyrockets by Double-Digits, Bitcoin Price Stalls at $118K: Weekend Watch
Main Idea
Bitcoin's price stabilized around $118,000 after a volatile week, while some altcoins like LTC saw significant gains.
Key Points
1. Bitcoin (BTC) reached a new all-time high of over $123,000 on July 14 before correcting to under $116,000 and then stabilizing around $118,000.
2. Litecoin (LTC) surged by 13% in 24 hours, trading above $115.
3. Ethereum (ETH) rose nearly 2% to above $3,600, while BNB and ADA saw modest gains of around 1%.
4. The total cryptocurrency market capitalization declined slightly to $2.344 trillion, with BTC's dominance over altcoins dropping to 59.4%.
5. SUI and LINK were among the top-performing altcoins, each gaining up to 3%.
Description
Bitcoin’s relatively dull price actions in the past few days continued during the weekend by standing at around $118,000. Several altcoins have performed significantly better since yesterday, with LTC jumping by 13% to over $115. BTC Calms at $118K The primary cryptocurrency started its impressive ascent in the previous business week when it finally broke above the $110,000 resistance and jumped to a new all-time high at the time of $112,000. The gains continued by the end of the week, and BTC n...
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