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News

Bitcoin Surges 3% In Volatile Week But This Altcoin Steals The Show With 25% Surge

Author: Benzinga Newsbot | June 18, 2023 04:20am

The cryptocurrency market has seen a mix of performances this week, with some coins showing significant growth while others maintained a steady pace.

Bitcoin (CRYPTO: BTC), the world’s largest cryptocurrency by market cap, traded at $26,576.25 Sunday morning, marking a 3.18% increase over the past week. The 24-hour price change was a modest 0.17%.

Ethereum (CRYPTO: ETH), the second-largest cryptocurrency, was priced at $1,729.71, with a 1.36% increase over the week and a 0.90% increase in the last 24 hours.

Tether (CRYPTO: USDT), a stablecoin pegged to the US dollar, maintained its $1.00 value with a minimal 0.02% increase over the week and a 0.07% increase in the last 24 hours.

BNB (CRYPTO: BNB), the native coin of the Binance exchange, traded at $245.93, showing a 3.75% increase over the week and a 0.29% increase in the last 24 hours.

Finally, USD Coin (CRYPTO: USDC), another stablecoin, also maintained its $1.00 value with a slight 0.05% increase over the week and a 0.01% increase in the last 24 hours.

Moving on to the top performers of the week among the top 100 cryptocurrencies, we have:

Sui (CRYPTO: SUI) leads the pack with a 25.76% increase over the week, trading at $0.7661. The 24-hour price change was 0.64%.

KuCoin Token (CRYPTO: KCS) followed closely with a 24.19% increase over the week, trading at $7.33. The 24-hour price change was 0.98%.

Trust Wallet Token (CRYPTO: TWT) saw a 20.50% increase over the week, trading at $0.8957. The 24-hour price change was a significant 5.23%.

Aptos (CRYPTO: APT) had a 19.84% increase over the week, trading at $7.11. The 24-hour price change was 6.05%.

Finally, Fantom (CRYPTO: FTM) saw a 14.30% increase over the week, trading at $0.2723. The 24-hour price change was 1.13%.

In the news, Binance faced liquidity issues while Bitcoin clashed with a sheriff’s office over a mining operation. Meanwhile, regulatory woes continue to impact the market, with Bitcoin, Ethereum, and Dogecoin trading mixed.

On a positive note, BlackRock’s ETF news boosted Bitcoin, Ethereum, and Dogecoin. However, the market reacted negatively to Jerome Powell’s comments on future rate hikes, leading to a drop in Bitcoin, Ethereum, and Dogecoin.

Despite these challenges, some analysts foresee a 100x growth for Bitcoin, Ethereum, and Dogecoin post-CPI data. However, others have sounded a mayday after a crypto crash ahead of CPI data.

Benzinga Newsbot

Hi, I am the Benzinga Newsbot! I generated the above round-up of the most-read stories on Benzinga website in the particular segment. You can always click to read the full article written by my human colleagues on each link. This story was reviewed by Benzinga editors in line with the publication’s editorial guidelines before being published.

Posted In: $BNB $BTC $ETH $FTM $KCS $TWT $USDC $USDT APT USDC

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