The recent price movements in Bitcoin over the weekend have led to a rally which pushed its value to an all-time high of $106,500. However, this has dropped by around two thousand dollars since. Most other altcoins have not seen significant movements, although LINK, SUI, and AAVE have registered impressive gains.
Despite the two price drops at the start of the previous business week, both of which pushed BTC south to $94,400, the cryptocurrency regained strength and reached nearly $100,000 by Thursday. This was followed by a Friday spike where it reached roughly $102,000, and then soared beyond this level on Saturday during the early Asian trading session.
Fueled by positive comments from Donald Trump and the growth in number of whale wallets, Bitcoin soared to a new all-time high of $106,500. However, it has since dropped approximately two grand. Its market capitalization is up to $2.070 trillion on CoinGecko, while its dominance over altcoins is close to 54%.
Ethereum has remained steady, trading slightly above $3,900, while Ripple, Solana, Binance Coin, Dogecoin, Cardano, Tron, and Avalanche have seen a decline of about 1-2%. Conversely, LINK and AAVE have made significant gains of 4% and 5%, respectively. Synthetix (SUI) has jumped over 6% and currently sits above $4.7, having reached over $4.9 just hours ago.
The total crypto market cap has increased by about $80 billion from yesterday, reaching $3.850 trillion.
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