Bitcoin Stopped Ahead of $70K, Pepe Resumes Bull Run (Market Watch)

Today, JASMY, BEAM, and ORDI are the top gainers from the largest 100 altcoins.

Bitcoin price has been turbulent over the last 24 hours, dropping below $67,100 and then soaring to nearly $70,000 before being stopped.

The cryptocurrencies saw slight increases overnight, while Pepe maintained its upward trend with a 9% daily surge.

BTC’s Down and Up and Down Ride

Following a peaceful weekend in which BTC hovered around $69,000, the current business week began on a high note. The asset reached a multi-day high of slightly more than $70,500 after rising a grand and a half in hours.

However, the bulls could not maintain their momentum, and Bitcoin began to lose value fast in the following days. In fact, the cryptocurrency had lost more than $3,000 just one day later.

More volatility followed on Wednesday and Thursday, sending BTC back down to $67,100 before skyrocketing to a daily high of more than $69,500. Nonetheless, it failed to threaten the coveted $70,000 mark this time and is currently trading at around $68,000.

PEPE on the Rebound

The third-largest meme coin has grabbed news in recent weeks by reaching new all-time highs. However, it rained heavily by double digits yesterday. The scenario for PEPE has changed dramatically, with the stock rising by more than 9% to retake the $0.000015 mark.

The top gainers among the major 100 altcoins are JASMY (27%), BEAM (25%), and ORDI (18%). The larger-cap alts are significantly less volatile. Ethereum, Binance Coin, Solana, Ripple, Dogecoin, and Toncoin are up by 0.5–1%. Daily, the total crypto market capitalization has recovered some ground, although it remains much below $2.7 trillion.