Altcoins Move as Bitcoin Price Stabilizes Near $95K

Bitcoin has seen significant volatility, falling from $97,500 to $95,000 after a quick correction, and has stabilized near that level despite repeated attempts to recover.

This decline has kept Bitcoin’s market cap below $1.9 trillion, with its dominance falling to 52% from 60% a few weeks ago.

This decline in Bitcoin’s dominance has allowed altcoins to move as several altcoins have emerged with strong performances.

XRP surged 25% to near $3 before retreating to $2.6, maintaining a market cap of $150 billion, making it the third-largest cryptocurrency.

ADA also posted gains of 17%, LINK up 27%, and HBAR up a notable 42%.

The total cryptocurrency market cap has increased by $70 billion, driven by the performance of these currencies.