Over the weekend, Bitcoin continued its stability in the $63,000 range, showcasing a consistent performance amidst the cryptocurrency market. While Bitcoin maintained its ground, other notable cryptocurrencies like Ethereum, Dogecoin, Solana, Ripple, and Litecoin saw a mix of fluctuations, experiencing both gains and losses. Memecoin PEPE stood out as the top performer, soaring by over 56 percent within just 24 hours. Conversely, Bitcoin SV (BSV) faced a significant setback, plunging by over 13 percent during the same period.
Currently, the global cryptocurrency market cap sits at $2.38 trillion, marking a modest 24-hour gain of 1.51 percent.
With Bitcoin's price remaining robust, hovering close to its 2021 peak, several altcoins are gaining momentum, spearheaded by Ethereum. Consequently, the dominance of these alternative cryptocurrencies is on the ascent, capturing the interest of investors anticipating the forthcoming altcoin season, which appears to be on the horizon. This growing trend in purchases could potentially turn a $10 investment into $100 for select altcoins in March.
For more detailed information and insights on cryptocurrency trends and market analysis, visit Coinpedia's website.
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