\n\t\t\t\t\t\t\t\t\tPUMP and PI are also well in the green on a daily scale. \t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
Bitcoin\u2019s price failed at $65,000 earlier this week, and the subsequent correction pushed it south to a 17-day low of $62,400 before it found some support and rebounded to $63,000.<\/p>\n
Most larger-cap alts are also in the red in the past 24 hours, led by more painful losses from HYPE, UNI, and AAVE.<\/p>\n
BTC Back to $63K<\/h2>\n
It was just over a week ago when the primary cryptocurrency was riding high and tapped a monthly peak at $67,000 after the favorable US inflation data for June. However, the predominantly bearish sentiment quickly returned, and the asset slumped below $64,000 that Friday.<\/p>\n
Its recovery began last weekend and intensified on Monday when bitcoin pumped to $65,600 on a couple of occasions. However, it couldn\u2019t keep climbing and dumped to $62,700 a day later as investors de-risked ahead of the key FOMC meeting. More volatility ensued before and after the event as the Fed ultimately left the rates unchanged<\/a>.<\/p>\n Bitcoin began a more profound recovery on Thursday and Friday morning, jumping to $65,500 once again. A familiar scenario repeated, though, as the bears resumed control and drove it south to its lowest position since July 14 at $62,400.<\/p>\n The bulls managed to step up and helped BTC recover some ground to the current $63,000, but there are some warning signs<\/a> about another leg down in the making. Its market cap is down to $1.265 trillion on CG, while its dominance over the alts has settled at 56%.<\/p>\n Audiera\u2019s BEAT is by far the top gainer over the past 24 hours, surging by 22% to $4.60. MemeCore (M) follows suit and completes the modest double-digit gainer club with an 11% increase to $1.10. PUMP (9%) and PI (5%) follow suit.<\/p>\n In contrast, most of the larger-cap alts are in the red. ETH is down by over 1%, and so are BNB and XRP. HYPE has dumped by another 5% to $52. RAIN has lost almost 3% of value, while UNI and AAVE have slumped by more than 6%. XMR, HBAR, and SHIB are among the few exceptions in the green.<\/p>\n The total crypto market cap has dropped by around $30 billion in a day and is down to $2.260 trillion on CG.<\/p>\n \u00a0<\/p>\n Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.<\/span><\/span><\/p>\n<\/div>\n<\/div>\nThese 2 Alts Fly<\/h2>\n
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