Cryptocurrency markets were active over the weekend and showed signs of life. Bitcoin, Ethereum, and other major cryptocurrencies have gained the value they lost over the past seven days.
BTC is targeting the $63,500 level, Ethereum is approaching $2,500, and other top-ranked cryptocurrencies are also approaching pivotal resistance levels. Fear and greed quotients are also reinforcing that sentiment.
According to Cointree, this indicator stands at 50, indicating a neutral position among crypto traders. A brief overview of the market is provided to help traders understand the industry.
Bitcoin
The market leader made rapid progress over the weekend, regaining 2.48% in value in 24 hours. It is currently trading at $63,485 and has its sights set on the $64,500 mark.
The 7-day performance chart still shows a decline of 1.79%. In terms of market development, Metaplanet made headlines by purchasing $7 million worth of Bitcoin. The UAE has also decided to make tax changes, which is pushing up the BTC price.
Bitcoin’s 24-hour trading volume also jumped 58% in the past 24 hours, ranking second.
Ethereum
Similar to Bitcoin, Ethereum also gained 2.89% in 24 hours. It is currently trading at $2,488 and is approaching the $2,500 mark.
Its value has fallen by 5.81% over the past week, but it seems to be on the mend. Upcoming Ethereum upgrades will help reduce block times, increase throughput, and increase the value of ETH among traders. Whales are also holding ETH with an eye on the $2,508 resistance level.
dogecoin
DOGE led the meme coin market on Sunday with a growth rate of 4.98%. OG Meme Token is trading at $0.1143, comfortably above the $0.11 mark.
The 7-day performance chart of this coin shows a decline of 7.30%, but it is still in a profitable position. This coin does not have any market development and simply relies on market forces. Still, the coin saw a 56% spike in 24-hour trading volume, ranking it 16th.
Shiba Inu
SHIB outperformed DOGE over the weekend, gaining 6.59% in value in 24 hours. It is currently trading at $0.00001843, down 2.14% on the week.
SHIB, like DOGE, does not develop the market. Still, this coin shows a 78% surge in 24-hour trading volume (18th place). Market capitalization also increased by 6.48%, ranking 13th.
pop cat
Popcat, a SOL-based meme coin, rode the bullish sentiment and recorded 20.23% growth in 24 hours.
The coin is currently approaching the $1.50 level and is currently trading at $1.45. The coin is expected to explode in October as buzz around meme coins surges. It currently ranks 41st in 24-hour trading volume and 55th in market capitalization.
