The cryptocurrency market demonstrated mixed signals on Monday, as altcoins, such as MATIC, MEME, and BIGTIME, trended on CoinMarketCap while Bitcoin (BTC) prices experienced a slight downturn. The global crypto market cap diminished marginally by 0.38% to $1.4 trillion. Meanwhile, Bitcoin maintained an upward trajectory over the past week and month, recording gains of 4.47% and 37%, respectively.
Despite the minor decrease in Bitcoin’s price, which settled at $36,667.05, its trading volume rose by over 42%–indicating sustained investor interest. On the other hand, other altcoins saw significant growth. MATIC achieved a daily high of $0.9512, ending the day at $0.9296, representing a weekly increase of 79.77%. Additionally, MEME’s price surged by 71.95%, reaching $0.03721, driven by an ongoing airdrop event. BIGTIME also experienced a 17.24% surge, closing at $0.1807. Nevertheless, its monthly performance remained in the red, with a decline of -29%.
These trends demonstrate the unpredictable and dynamic nature of the cryptocurrency market, where investor sentiment can quickly move from established coins to emerging altcoins that offer the potential for rapid growth.