Bitcoin Price Holds at $61k as TON and Cat-Themed Meme Coins Shine

Bitcoin traded over the weekend at $61,000 as the primary asset reacted to activities of bulls in the market to push from a $60,000 price tag to just about $61,400.

Bitcoin price rose slightly on Sunday, trading at $61,400 after showing a muted response to activities of bulls in the market, pushing the primary asset up from a $60,000 price tag to just about $61,400.

This price action by Bitcoin signaled a very quiet crypto market over the weekend, with most Altcoins failing to gain any notable grounds.

Apart from Bitcoin and a few cat-themed meme coins, the general crypto market remained in a state of equillibrium.

Bitcoin Price holds at 61k

Bitcoin price showed a slight gain from a previous position of $60,000, reaching about $61,400 at the time of writing this report. According to Coingecko, this represents a 0.7% price increase in the last 24 hours. The volume of change remains low but this is an expected volume for weekends.

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Bitcoin, despite its slow growth, remains the dominant crypto asset with a market dominance of 70.8% over the rest of the market. Bitcoin is followed by Ethereum, which accounts for only 17% of the total market.

Altcoins Remain Flat

Large market capitalization Altcoins traded flat in the last 24 hours. Ethereum and XRP recorded 0.41% and 0.35% losses in the last 24 hours, respectively, while Binance coin gained by 0.75%. These price actions remain minimal and have no sweeping effect on the general market.

Ton and Cat themed Meme coins shine

Despite the quiet weekend in the crypto market, some crypto assets managed to stand out in their performance, recording solid gains and catching the attention of traders.

Ton, the native token of Telegram’s Open Network, recorded an over 2% gain in price, fueled by a considerable increase in the total value locked in the protocol.

Besides Ton, another strong performer of the weekend is cat-themed meme coins, like Wif. The entire category recorded an over 6% growth in the last 24 hours, according to coin gecko data.

These specific brands of memecoins have outperformed their peers recently, recording a whooping growth of 43% in the past week. Examples of strong performers within this category include Mog coin (MOG) and Pop cat (POPCAT).

The crypto market remained neutral over the weekend, generally speaking, with sentiment slightly improving according to relevant indicators.

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