Bitcoin is currently down nearly 3% from its ATH of $99,645 on November 22, when the price was close to reaching $100,000.
The market has faced profit-taking pressure in recent days. At one point, BTC plunged below $96,000, hitting a local bottom at $95,734.
However, the bulls have stepped in to pull the price back to the $97,000 region, and the top asset is currently trading around $97,400, slightly down about 1% in the last 24 hours.
BTC Price Chart – 4 hours | Source: TradingView
The Altcoin market decreased yesterday.
Most of the large projects in the top 100 like Polkadot (DOT), Shiba Inu (SHIB), Core (CORE), Aptos (APT), Hedera (HBAR), Cronos (CRO), Cardano (ADA), Dogwifhat (WIF), Popcat (POPCAT), BitTorrent (BTT), Algorand (ALGO), Floki (FLOKI), XRP (XRP), Optimism (OP), Ethereum Classic (ETC), Brett (BRETT), Toncoin (TON), Sui (SUI), Bonk (BONK), Dogecoin (DOGE),… have turned around and decreased by 6-10%.
On the contrary, on the bullish side, The Sandbox (SAND) recorded impressive activity, surging over 60% in just the last 24 hours, bringing the total recorded profit for the week to over 3 digits.
Source: Coin360
Ethereum (ETH) turned around to decrease yesterday after a recovery.
The market faced profit-taking pressure after ETH hit a local peak at $3,497, the highest since the end of July 2024.
Currently, ETH is trading around $3,330, losing nearly 3% of its value compared to 24 hours earlier.
ETH Price Chart – 1 day | Source: TradingView
