DOGE SOARS 10%, BTC HITS $70K AGAIN 

Just before its halving, Bitcoin Cash joins Dogecoin as another major altcoin registering double-digit gains.

Following a significant drop to below $69,000 yesterday, Bitcoin has rebounded strongly, now positioning itself well above the $70,000 mark.

In contrast to most altcoins, which are showing modest gains, DOGE and BCH have experienced notable increases, recording double-digit gains overnight.

BTC Climbs Past $70K

The previous week saw a downturn for Bitcoin, dipping below $61,000 at one point and reaching $62,500 by Friday. A recovery was attempted over the weekend, but it stalled at $66,000.

Significant growth for the cryptocurrency only commenced on Monday, propelling it to the $70,000 threshold. Continued increases on Tuesday and Wednesday led to a peak of nearly $72,000. However, it couldn’t maintain this peak, and a decline to $68,500 followed. Now, Bitcoin has recovered, surpassing $70,500, with the community eyeing the $100,000 milestone.

The market capitalization for Bitcoin has seen an overnight increase, yet it remains below $1.4 trillion. Its dominance in the altcoin market is static, just shy of 50% according to CG.

While most altcoins were retracting yesterday, today they’ve managed to recover significantly. Binance Coin, Ripple, Toncoin, and Chainlink have posted gains between 1% and 3%. Ethereum, SOL, ADA, and DOT have also seen gains, albeit smaller.

Shiba Inu is up over 4% overnight, but Dogecoin has outperformed it with a more than 10% increase, now exceeding $0.2.

Bitcoin Cash, another notable performer among the larger-cap altcoins, has jumped 13% to over $550, just ahead of its upcoming halving.

The total market capitalization of all cryptocurrencies has risen by approximately $50 billion overnight but is still below $2.8 trillion.

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