Bitcoin’s price went through another full-on rollercoaster yesterday but has managed to recover most of the losses and now sits close to $98,000.
The altcoins are still mostly in the red, aside from XRP, SOL, and TON, from the larger caps, which have posted impressive gains.
BTC Targets $98K
BTC’s inability to decisively conquer the $100,000 level during the weekend resulted in a few consecutive leg downs that harmed the asset’s price movements. It all started on Monday when BTC went to a daily high of $100,400 but just hours later found itself dumping to under $94,400.
After leaving billions of dollars in liquidations, the cryptocurrency started to recover on Tuesday and spiked to $98,400. However, the same scenario repeated once again as BTC slumped hard to the same support level of $94,400.
Since then, the asset has been recovering, surging to $94,400 once again hours ago. Nevertheless, it has been unable to continue its upswing, and now the community wonders whether another rejection will follow.
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For now, though, bitcoin’s price means that its market cap has neared $1.940 trillion on CG, while its dominance over the alternative coins stands tall above 53%.
XPR in Recovery Mode
Ripple’s cross-border token was among the poorest performers during the correction in the past few days. However, it has bounced off from under $2 and now trades above $2.3 amid positive developments around the company’s upcoming stablecoin.
Solana, Toncoin, and Shiba Inu are the other notable gainers from the larger-cap alts. In contrast, DOGE, ETH, BNB, AVAX, and TRX are in the red. PEPE has slumped ever harder, dropping by 7% from its latest all-time high.
Bitget’s native token is today’s top performer, having surged by over 22% in the past 24 hours.
Overall, the total crypto market cap has recovered over $150 billion since its low yesterday and now sits at $3.650 trillion on CG.
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Cryptocurrency charts by TradingView.