TON Posts 100%+ Weekly Gains Amid Bitcoin Recovery

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VIRTUAL, NEAR, and VVV follow suit in terms of daily gains today.

Bitcoin’s price ascent that began after the FOMC meeting last week drove the asset to a multi-month peak at almost $83,000 before it was stopped and pushed south by a couple of grand.

Most larger-cap alts have declined by up to 3-4% over the past day, except BNB, SOL, and ADA.

BTC Finds Support at $81K
As mentioned above, BTC’s price slipped below $75,000 last Wednesday after the completion of the third FOMC meeting for the year, in which the US Federal Reserve kept the interest rates unchanged. Although this decision was highly anticipated, it still brought some volatility to the market.

However, the following few days were a lot more positive for bitcoin, which jumped to almost $79,000 on Friday after the first peace proposal was sent from Tehran to Washington. It was rejected, and so was the second one on Sunday, but BTC still remained above $78,000.

The bulls initiated a more impressive leg up on Monday morning, driving the cryptocurrency to a three-month peak at just over $80,000. Although BTC was stopped there at first, its run resumed on Tuesday and Wednesday, driving it to another local peak at almost $83,0


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