Bitcoin has experienced strong volatility when rejected at $97,500 and quickly dropped to over $95,000.
- Meanwhile, many altcoins have outperformed with impressive breakouts such as ADA, AVAX, TRX, LINK, HBAR, and many others.
- BTC fell below $91,000 last week but quickly recovered. The weekly high reached nearly $99,000 but then fell to around $96,500 by the weekend. On Monday morning, BTC rose to $98,000 but quickly dropped to $95,000.
- This decline has pushed BTC's market capitalization below $1.9 trillion, and its dominance has decreased to 52%.
- Meanwhile, XRP surged 25%, nearing $3 for the first time in seven years, although it has since dropped back to $2.6. Other altcoins like ADA, AVAX, TRX, LINK, HBAR also recorded significant gains.
The total cryptocurrency market capitalization increased by $70 billion, surpassing $3.6 trillion. 🚀