BTC price rises, holds above moving average signal that ETH, SOL can't penetrate
Summary
Bitcoin rose 2.4% over 24 hours to around $62,800, while its market dominance increased to 59% from 57.9%, signaling capital rotating back into BTC as major altcoins lag. The CoinDesk 20 Index gained 2.3%, and the memecoin segment outperformed. BTC held above its 200-week average, while XRP, ether, and solana remained below that key level, reinforcing relative weakness in altcoins. In smaller tokens, Audiera’s BEAT jumped 57% on the day and is up more than 500% over seven days amid stronger onchain activity, though it has drawn concern over concentrated ownership and pump-and-dump risk. Velvet’s VELVET token also surged sharply, rising about 800% in 30 days.
