After a period of decline and sideways trading, Bitcoin made a notable jump towards the end of the year, briefly rising above $99,000.
Altcoins also performed positively with many seeing significant increases in their values.
Bitcoin rises and regains its strength:
Bitcoin had a turbulent week after the FOMC meeting, losing $16,000 in a matter of days, falling from $108,000 on Tuesday to $92,000 on Friday.
Despite this decline, the currency regained its strength over the weekend, rising to $99,000 before currently settling above $98,000, recording daily gains of about 4%.
Market cap rose to $1.94 trillion, with altcoin dominance increasing to over 54%.
Altcoins are catching up:
Most of the altcoins traded in the green zone, including but not limited to:
Ethereum (ETH) is approaching $3,500, up 2%.
XRP rose to $2.3 by roughly the same percentage.
AVAX is up 5%, trading above $40.
Solana (SOL), Doge (DOGE), and Toncoin (TON) also recorded increases ranging between 2-4%.
Overall, the cryptocurrency market added $100 billion, bringing it closer to $3.6 trillion, supported by strong performance from Bitcoin and leading altcoins.