Bitcoin continued to trade sideways, with trading volume declining over the weekend, while altcoins saw notable gains, most notably a 5% rise in SOL, approaching $200.
Bitcoin Performance: Stabilizes at $95K
Bitcoin's price fell last week to $92,000 on December 21, erasing a large portion of the gains the currency had made throughout the month.
The coin attempted to break the $100,000 barrier twice later (on December 22 and 26), but those attempts were met with intense selling waves that pushed it to lower levels.
Currently, Bitcoin is trading at $95,000 amidst declining trading volumes, which has contributed to relative price stability.
Bitcoin's market dominance has fallen to 54%, with its market cap remaining below $1.9 trillion.
Altcoin Recovery:
Altcoins have made significant gains over the past 24 hours.
As Ethereum price crossed $3,400, Ripple price rose to approach $2.2.
SOL and SUI also showed strong performance, up 5-6%, with SOL trading above $195 and SUI above $4.25.
Other currencies that have seen notable gains in the last 24 hours include:
BNB: Up 2.5% to $718.
DOGE: Up 3% to $0.33.
Varying gains for HBAR, DOT, AAVE, APT, and ICP.
The recent positive move has helped the market recover by around $50 billion over the past day, bringing the total value of cryptocurrencies to $3.5 trillion, reflecting a general recovery in market sentiment.
