These Meme Coins Steal the Show as Bitcoin Defends $64K Support: Weekend Watch

Bitcoin’s price climbed slightly on Saturday evening after US President Donald Trump halted the planned attacks on Iran, and jumped to $64,500 before it retreated slightly.

Shiba Inu has stolen the show from the larger-cap alts, rocketing by over 35%. Most larger-cap alts are also in the green but in a more modest manner.

BTC Defends $64K

Last Monday began with a somewhat expected leg down that drove bitcoin south from $65,000 to $63,750. However, the asset reacted well, defended that support level, and jumped by two grand by the end of the day. Tuesday was even better in terms of gains, as the cryptocurrency jumped to roughly $67,000 on some exchanges to mark a monthly high.

After gaining over $3,000 in just over 24 hours, BTC was primed for a correction given the overall market landscape. It started to lose value gradually and dropped below $65,000 on Thursday. It initiated another breakout attempt on Friday, but it was stopped at $65,750. The subsequent rejection drove it south by $2,000.

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