Yesterday, Bitcoin experienced a wave of fluctuations, with the price encountering resistance at $97,500 and quickly falling back, falling by about $3,000 in just a few hours, and finally stabilizing above $95,000.
In contrast, many altcoins have performed brilliantly and experienced significant gains, such as ADA, AVAX, TRX, LINK, HBAR, etc., which have all shown strong upward momentum.
BTC price stagnates at $95,000
A week ago, Bitcoin experienced a sharp drop below $91,000, its worst correction since the Trump-induced rally in early November. However, Bitcoin did not stay at the lows and began to recover in the following days.
On Friday, Bitcoin price approached $99,000, a weekly high. Nevertheless, bears managed to defend this level and pushed Bitcoin price down to around $96,500 over the weekend. In early trading on Monday, Bitcoin price briefly climbed to $98,000, but soon fell back to around $95,000.
In the following days, Bitcoin price experienced another roller coaster ride, rising to $97,500 before falling back to $94,500. Despite a brief recovery, Bitcoin is currently trading just above $95,000.
Bitcoin’s decline has left its market cap still below $1.9 trillion, yet its dominance of the altcoin market has weakened significantly. Bitcoin’s market share climbed to nearly 60% a few weeks ago, but has now fallen back to 52%, according to CoinGecko.
Bitcoin Price Chart
Altcoins are generally booming
XRP has been performing strongly over the past few days, and yesterday it surged 25%, breaking through $3 at one point, setting a new high in nearly seven years. Although it fell back to $2.6, its market value still remains at $150 billion, ranking third among cryptocurrencies.
In the past 24 hours, some other altcoins have also performed exceptionally well, with ADA up 17%, AVAX up 11%, TRX up 14%, DOT up 16%, LINK soaring 27%, SUI up 15%, and HBAR up 42%.
The total cryptocurrency market capitalization has increased by $70 billion since yesterday, with funds mainly flowing into altcoins, and the overall market capitalization has once again exceeded the $3.6 trillion mark.
Cryptocurrency Market Overview
Club Target Review
TOP.1
Club SVIP Mark Review: ADA
With the announcement of the resignation of the SEC chairman, the tokens that were previously identified as securities by the SEC, and those tokens targeted by the SEC, have all experienced a general surge.
ADA is a token listed by the SEC. The club recommends that everyone can make a layout at around 1.1 today. It has now reached 1.14, and 75 contracts have already achieved a profit of 370%.
TOP.2
Last Saturday, the club discovered the DeSci concept and selected three iconic targets, among which RIF soared 10 times after the recommendation, URO also increased 9 times, while WORM's performance was relatively flat.
However, the founder of BitMEX just tweeted a direct order for WORM, pushing it to an instant high of 0.08659, which is twice the price recommended by the club at 0.0244.
What’s even more exciting is that WORM also announced that it will distribute 2.4% of the project wallet to $WORM holders, which means they can really make money while eating.
Join the club and don't miss out on this meme craze!
TOP.3
EYE is the currency that the club has been developing.
At the very beginning, after BAN came out of the circle, the club discovered the EYE target, which is also a collectible concept, on the chain, and regarded it as the second dragon of the collectible concept and has been holding it firmly.
Just after Binance announced the launch of BAN contracts, EYE's short-term linkage increase was 400%, quadrupled, and directly went to zero.
Join the club and ambush more doubling memes!
TOP.4
Driven by PNUT, the entire meme sector has seen an increase. Since the raccoon coin FRED was first deployed at a price of 0.04, it has now risen to 0.26, a nearly 6-fold increase; similarly, the eye coin EYE, which was 0.0004, has soared to 0.0062, an 18-fold increase; BAN has risen from the prompt position of 0.041 to 0.21, also a nearly 6-fold return. Hot projects are performing steadily, and the opportunity for continued profitability should not be missed!
