Bitcoin Stabilizes at $64,000, Dogecoin Surges 7% - Crypto Market Update

Bitcoin settled down at $64,000 after a volatile week, and altcoins also stabilized, with the exception of Dogecoin, which rose 7% . At the beginning of the week, BTC fell from $69,000 to $61,000, but after the US Federal Reserve announced that it would maintain monetary policy, the rate rose to $68,000. However, the rally was short-lived and the cryptocurrency is now trading around $64,000.

Among altcoins, Ethereum, Solana and Binance Coin showed minor losses, while XRP, ADA, SHIB and DOT rose by 1-2%. The total crypto market capitalization has dropped to just over $2.560 trillion on CoinGecko.