Bitcoin Taking a Breather After Wild Week

Is Bitcoin Catching Its Breath?

After a wild ride last week, Bitcoin has taken a breather, settling around $64,000. The king of crypto had a rough start to the week, shedding $5,000 on Monday. Tuesday brought even more pain as it dipped to a two-week low below $61,000.

But Wednesday saw a brief resurgence, thanks to the Fed's announcement that it wouldn't change its monetary strategy. Bitcoin surged 4% and topped $68,000. Alas, the rally was short-lived, and Bitcoin has been losing ground since.

Altcoins Make a Comeback

While Bitcoin has been taking a nap, altcoins have been stealing the show. Ethereum, Solana, and Binance Coin have had modest losses, but XRP, ADA, SHIB, and DOT have all gained around 1-2%.

Dogecoin Leads the Pack

The biggest gainer among the top 15 crypto assets is none other than Dogecoin, which has soared 7% overnight. That means the OG meme coin is now worth over $0.17.

Market Cap Stays Put

Despite the altcoin action, the total crypto market cap has actually declined slightly, sitting just above $2.560 trillion.

What's Next for Bitcoin?

Will Bitcoin break through the $66,000 resistance level and continue its upward trajectory? Or is it due for a deeper correction?

Altcoins to Watch

Which altcoins will continue to outperform Bitcoin? Keep an eye on Dogecoin, Bitcoin Cash, ICP, and OKB.

Market Sentiment

The market is still a bit uncertain, with Bitcoin hovering around $64,000. However, the altcoin rally suggests that there is still plenty of interest in the crypto space.

Disclaimer: This article is not intended as financial advice.