Bitcoin approaches $70,000, with SHIB, DOGE, SOL, ETH and BNB seeing significant weekly gains

Bitcoin was relatively quiet over the weekend, but the price is still inching closer to $70,000, CryptoPotato reported. Most other cryptocurrencies have also seen relatively weak daily performance, although the likes of SHIB, DOGE, SOL, ETH and BNB have impressed with their weekly gains. Bitcoin held steady below $62,000 over the weekend, but the week started with the cryptocurrency price rising by over $6,000 on Tuesday morning. Subsequently, it climbed to a new all-time high again on Friday afternoon and broke through the $70,000 mark; however, it was quickly dragged down by the bear market. Since then, Bitcoin's rise has slowed, but it is gradually approaching the $70,000 mark and is only about $500 away from that goal. According to CoinGecko data, Bitcoin’s market value has exceeded $1.36 trillion, accounting for 49.4% of the entire cryptocurrency market. In the past week, meme coins such as SHIB, PEPE and Floki have performed well; among them, the frog-inspired meme coin has risen by 120% in the past seven days, FLOKI has risen by 82%, and SHIB has risen by 65% and is close to DOGE in terms of market capitalization market capitalization. CoinGecko data shows that in the past week, the total market value of cryptocurrency has increased by approximately 300 billion US dollars, reaching 2.763 trillion US dollars.