This Week Spotlight: Solana, LINK Outshine as Bitcoin Stabilizes at $67K
- Bitcoin reclaims the $67K threshold following the U.S. CPI report for April.
- Solana, LINK, and FTM registered double-digit percentage growth this week.
- However, WIF and TON experienced the most significant drop among the larger-cap altcoins.
The cryptocurrency market has witnessed a relatively calm period, with Bitcoin (BTC) consolidating around the $67,000 mark. After a brief dip to $60,000 last Friday, the premier digital asset has shown resilience, bouncing back significantly following the U.S. CPI announcement for April.
Bitcoin’s journey saw it climb to over $63,000 at the start of the week, only to experience a minor pullback to $61,200 prior to the CPI data release. However, the figures acted as a catalyst, propelling BTC to a high of over $66,500, a price point not seen since mid-April.
Although there was a slight retracement, the bulls maintained their momentum, nearly touching $67,500. Currently, Bitcoin’s market cap stands at $1.320 trillion, commanding a 51.7% dominance over altcoins.
Amid Bitcoin’s movement, certain altcoins have made impressive strides over the week. Solana (SOL) …
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