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) has surged by 18.85%, reaching a multi-week peak above $175.78. Similarly, Chainlink (LINK) has witnessed a 23% increase, approaching $16.79.

Other notable weekly gainers among the most prominent assets include Avalanche (AVAX), which has registered a 15% growth, having reclaimed $37.73. Also, NEAR and Bitcoin Cash (BCH) recorded a 13% gain, while Fantom (FTM) saw a more substantial 23% uptick.

On the flip side, Dogwifhat (WIF) has experienced the most significant drop among the larger-cap altcoins, shedding over 14.47% of its value over the past week. Likewise, Toncoin (TON) saw a comparable loss of 9% in its one-week trajectory. BNB, Optimism (OP), and Tron (TRX) have also seen marginal losses.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

　　Disclaimer: Includes third-party opinions. No financial advice. See Risk Warning.