Bitcoin price remained fairly subdued over the weekend, but the asset remained stable at around $105,000. While altcoins have made small gains on a daily scale, weekend charts reveal a different picture for many.
Bitcoin price remains stable at $105,000
The largest cryptocurrency had an impressive journey at the beginning of the week. Although it started with a sudden drop from $106,000 to below $100,000 on Monday morning, it soon reached a new all-time high above $109,000. More volatility occurred before, during and after Donald Trump’s inaugural speech, in which he made no mention of crypto.
After the price fell to $101,000, the bulls stepped in and prevented Bitcoin from falling to five digits. On the contrary, BTC started to recover and rose as high as $107,000 after a few days. However, it failed at this point as well, and started the day by falling another three thousand dollars on Saturday morning. Having rebounded from this decline, Bitcoin is now trading nearly $1,000 higher with little movement in the last 12 hours. While Bitcoin’s market value has increased to $2,080 trillion according to CoinGecko data, its dominance over altcoins remains firmly at 55.4 percent.
Notably, AVAX rose
The largest altcoins managed to recover some of the losses suffered yesterday. Ethereum is trading above $3,300 with a daily increase of 1.3 percent, while XRP is trading above $3.1, up 1.3 percent. BNB, DOGE and ADA are also in a similar range. Solana and Chainlink gained approximately 3 percent each, reaching $255 and $25, respectively. Avalanche was the best-performing asset among large-cap altcoins, rising 6 percent to $37.5. Other risers are listed in the table below:
Among the top 100 altcoins, the biggest gains were made by XCN with 91 percent, OM with 30 percent, TAO with 13 percent and TRUMP with 10 percent, respectively. Total cryptocurrency market capitalization rebounded by more than $60 billion overnight, rising to $3.750 trillion on CoinGecko.
