{"id":820,"date":"2024-08-25T08:44:14","date_gmt":"2024-08-25T08:44:14","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=820"},"modified":"2024-08-25T08:44:14","modified_gmt":"2024-08-25T08:44:14","slug":"bitcoin-btc-price-stands-close-to-64k-toncoins-ton-downfall-continues-weekend-watch","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=820","title":{"rendered":"Bitcoin (BTC) Price Stands Close to $64K, Toncoin\u2019s (TON) Downfall Continues (Weekend Watch)"},"content":{"rendered":"

After tapping $65,000 yesterday, bitcoin\u2019s price actions calmed, and the asset remained relatively still at around $64,000.<\/p>\n

The altcoins are also quite sluggish on a daily scale, aside from TON, which was impacted by the news surrounding Pavel Durov, Telegram\u2019s CEO.<\/p>\n

BTC Calms at $64K<\/h2>\n

The business week started on a negative note for the primary cryptocurrency as it failed to overcome the coveted $60,000 level and the subsequent rejection pushed it south by two grand on Monday. However, it recovered most losses on Tuesday and Wednesday and even attempted a breakout above $60,000 but to no avail, at least until Friday.<\/p>\n

That\u2019s when the bulls took complete control of the market and propelled an impressive rally that drove bitcoin from around $60,500 to $64,000 before the asset exploded<\/a> further on Saturday morning to $65,000. Some of the possible reasons behind this notable price surge can be found here<\/a>.<\/p>\n

Nevertheless, BTC failed to maintain its run and retraced by around a grand in the following hours. As of now, it struggles to remain confidently above $64,000. Its market capitalization, though, stands strong at over $1.260 trillion on CG.<\/p>\n

Bitcoin\u2019s dominance over the altcoins is also on the run as it has neared 54% once again. Recall that the metric had fallen to 53.3% earlier this week.<\/p>\n

<\/a>Bitcoin\/Price\/Chart 25.08.2024. Source: TradingView<\/p>\n

TON Slumps Hard<\/h2>\n

The biggest news in social media and related to the crypto industry in the past 12 hours or so came from France. Local media reported<\/a> that Telegram\u2019s CEO, Pavel Durov, was arrested after he left his private jet. In the following hours, TON\u2019s price tumbled hard by over 20% now to under $5.4.<\/p>\n

Most other larger-cap alts are slightly in the red. ETH, BNB, XRP, ADA, AVAX, SHIB, BCH, and DOT have all produced minor daily losses, while SOL and TRX are with insignificant gains.<\/p>\n

The total crypto market cap has shed about $20 billion since yesterday and sits at just under $2.350 trillion on CG.<\/p>\n

<\/a>Cryptocurrency Market Overview. Source: QuantifyCrypto<\/p>\n

The post Bitcoin (BTC) Price Stands Close to $64K, Toncoin\u2019s (TON) Downfall Continues (Weekend Watch)<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

After tapping $65,000 yesterday, bitcoin\u2019s price actions calmed, and the asset remained relatively still at around $64,000. The altcoins are also quite sluggish on a daily scale, aside from TON, which was impacted by the news surrounding Pavel Durov, Telegram\u2019s CEO. BTC Calms at $64K The business week started on a negative note for the […]<\/p>\n","protected":false},"author":0,"featured_media":821,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-820","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/820"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=820"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/820\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/821"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=820"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=820"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=820"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}