Bitcoin price movements over the weekend were very disappointing, but the asset remained stable at around $105,000.
Altcoins are making slight gains on a daily scale, but the weekend charts are showing a different picture for many of them.
BTC stabilizes at $105,000
The largest cryptocurrency had an amazing ride at the beginning of the work week. It started with a decline Monday morning from $106,000 to just under $100,000 before exploding to a new all-time high of over $109,000. More volatility ensued before, during and after Donald Trump’s inauguration speech as he failed to mention cryptocurrencies.
After prices fell to $101,000, the bulls stepped up and did not allow prices to drop to five-figure territory. In fact, Bitcoin started to regain some ground and rose to $107,000 a few days later. It failed there and was pushed south by $3k on Saturday morning but has recovered from that drop and is now sitting much higher with little to no movement over the past 12 hours.
Its market capitalization has risen to $2.080 trillion on CoinGecko, while its dominance in altcoins stands at 55.4%.
AVAX is on the rise
The largest altcoins recovered some of the losses they suffered yesterday. Ethereum rebounded above $3,300 after a 1.3% daily increase, while XRP is above $3.1 after a similar increase. BNB, DOGE, and ADA stand in the same category.
Solana and Chainlink gained about 3% each and are now trading at $255 and $25, respectively. Avalanche emerged as the best performer among the larger-cap altcoins, rising 6% to $37.5.
The biggest gainers from the top 100 alternatives are XCN (91%), OM (30%), TAO (13%), and TRUMP (10%).
The total cryptocurrency market cap recovered by more than $60 billion overnight and reaches $3.750 trillion on CG.
Free Binance $600 (Exclusively for CryptoPotato): Use this link to register a new account and get an exclusive $600 welcome offer on Binance (full details).
Limited offer for CryptoPotato readers at Bybit: Use this link to register and open a free $500 position on any coin!
Disclaimer: The information contained in CryptoPotato is that of the cited authors. They do not represent CryptoPotato’s opinions on buying, selling or holding any investments. We advise you to conduct your own research before making any investment decisions. Use of the information provided is at your own risk. See our disclaimer for more information.
Cryptocurrency charts By TradingView.
