Crypto News

Crypto Market Steady as Bitcoin Stabilizes Above $97K

The recent volatility in Bitcoin's price eased over the weekend, with the flagship cryptocurrency holding above $97,000. Here's a snapshot of the week's market highlights:

Bitcoin’s Weekly Performance:

Price Action: After dipping to a monthly low of $91,300 on Monday, Bitcoin rebounded strongly, peaking at $99,000 before stabilizing at $97,000, a 3.3% weekly gain.

Market Metrics: Bitcoin's market cap stands at $1.93 trillion, while dominance slipped to 53.1%.

Altcoin Highlights:

Ethereum (ETH): Up 6% to $3,600.

Ripple (XRP): Gained 9%, settling at $2.4.

Cardano (ADA) and Dogecoin (DOGE): ADA surged 22%, while DOGE saw double-digit gains.

SUI: Reached an all-time high.

AVAX and XLM: Both delivered solid performances.

TON and BNB: Minor weekly losses were noted.

Market Outlook:

The cryptocurrency market cap grew from $3.4 trillion to $3.63 trillion over the week, reflecting broad market recovery.

With Bitcoin stabilizing and altcoins gaining traction, the market appears poised for continued positive momentum in the near term.