Dogecoin (DOGE) gains 7% daily, Bitcoin (BTC) stalls at $64,000 (Weekend Watch)

Bitcoin’s price movements over the weekend have been somewhat underwhelming, with the asset settling at just over $64,000 after the previous week’s volatility.

Altcoins also generally have low volatility these days, with a few exceptions like Dogecoin, which has surged about 7%.

BTC Calms

Last trading week started on a very unfavorable note for the major cryptocurrencies, but they recovered most of their losses from the end of the previous week. The asset was worth $69,000 on Monday, but it quickly fell by five grand.

Tuesday saw further declines as BTC fell to a two-week low below $61,000. This was mainly caused by profit-taking by some investors and uncertainty regarding the next FOMC meeting to be held later in the day.

After the US Federal Reserve announced that it would not change its current monetary strategy, Bitcoin went on the offensive, immediately rising 4% and soaring above $68,000 by Wednesday morning.

Nevertheless, that rise did not last long and BTC started to stall over the next few days. At the moment, the cryptocurrency is trading at around $64,000, although it failed to surpass yesterday's $66,000. CG's market capitalization remains unchanged at $1.26 trillion, and its control is just over 49%.

DOGE GOES UP

Most altcoins have also settled down on a daily scale. Ethereum, Solana, and Binance Coin recorded small losses, while XRP, ADA, SHIB, and DOT rose around 1-2%.

In contrast, Dogecoin rose 7% overnight, emerging as the top performer among the 15 largest crypto stocks. This means that OG Meme Coin is currently above $0.17.

Bitcoin Cash, ICP, and OKB have also seen impressive gains, with OKB increasing in price by up to 8%.

However, the market capitalization of cryptocurrencies is decreasing slightly by the day, remaining at just over $2.56 trillion, according to CoinGecko.