$BTC PEPE Price Jumps 6% Daily, Bitcoin Recovers to $94K After Monthly Low (Market Watch)

Bitcoin’s price troubles worsened yesterday as the asset dumped to its lowest price position in over a month of $91,300 before it recovered some ground.

Most altcoins are also quite sluggish at the end of the year, with ETH losing the $3,400 mark and LINK continuing its recent downfall.

BTC Eyes $94K

The micro-scale at the end of the year is quite painful for BTC. The cryptocurrency stood above $108,000 two weeks ago, adding $40,000 since Trump’s landslide victory in the US presidential elections. However, the Fed’s hawkish words for 2025 reversed the asset’s trajectory, and it started losing value fast.

It dumped to $92,000 that Friday and tried to recover some ground in the following week. It managed to jump toward $100,000 on a couple of occasions but was stopped at each attempt and pushed south hard.

This retracement culminated yesterday as the bears initiated a notable leg down that resulted in BTC tapping a monthly low of $91,300 (on Bitstamp). As the fears of a potential breakdown beneath $90,000 went viral, the bulls managed to intervene and pushed the asset north of nearly $94,000 as of now.