Bitcoin (BTC) price is trading at $90,400 at the time of writing. There has been a general fluctuation in the cryptocurrency market recently. Especially after Trump won the US presidential election, investors became more willing to take risks, which increased the market activity. However, a continuous rise in cryptocurrencies is not a common situation, so some coins are seeing pullbacks. Similar fluctuations continue in altcoins.$BTC

Bitcoin has been stuck in a range for the past two quarters after peaking at $73,777 in March. However, after this 240-day pause, its price managed to rise to $93,000. It is currently struggling to hold $86,580 as support and is paving the way for a move higher despite profit-taking at $92,000.

The biggest question on investors’ minds is whether Bitcoin can reach its six-figure price targets. The $100,000 level has long been a target that investors have been waiting for, and it now looks much closer. The decisions taken by the new president who will take office in January could have a more positive impact on Bitcoin’s price.

Latest Situation in the Cryptocurrency Market

Apart from Bitcoin, there are also significant movements in altcoins. The approaching resignation of the SEC Chairman created positive expectations for Ripple (XRP), and the XRP price rose above $ 1 to $ 1.04. The fear and greed index in the cryptocurrency market is at 83 levels, which shows that investors are quite greedy.

The total value of the cryptocurrency market has once again exceeded $3 trillion, while the trading volume is at $174 billion. Although there was a 10% decrease in volume yesterday, this decrease is expected to recover in the coming days.

The altcoin that gained the most during the week was PNUT Token, which increased by 1368%. BONK, OM, XLM, PEPE and some other altcoins also experienced significant increases. However, some cryptocurrencies also recorded serious declines. Coins such as NEIRO, LDO, AAVE lost more than 10% of their value, and NEIRO Coin in particular became one of the coins that lost the most with a 25% decrease.