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The digital currency market has seen a clear return to volatility over the past few hours, with Bitcoin approaching the $95,000 level before the price encountered selling pressure that brought it back to lower levels, allowing Bitcoin to cut its losses.
On the other hand, some alternative digital currencies achieved varying degrees of gains, while XRP price failed to stably break through the $2.40 level and quickly fell back.
Bitcoin started the new year on a positive note, as it was able to erase some of its late-December 2025 losses in the first few days and quickly moved back above the $90,000 mark.
Prices maintained consistency over the weekend, despite some geopolitical developments, before resuming their upward trend at the start of the trading week and ending Monday at $93,000.
As momentum continues, Bitcoin prices hit multi-week highs near $95,000, just as buyers appear to have taken control.
However, this advantage did not last long as the trend reversed during the trading session and the currency fell below $91,500 after failing to break above the $94,500 area.
Subsequently, volatility reappeared, and Bitcoin price quickly rose to $93,800, but faced new resistance and is currently stable near $92,000.
Despite this volatility, Bitcoin has recovered some of its market capitalization, rising to approximately $1.85 trillion, while its market dominance has fallen by more than 1% to 56.5% in the past few weeks, reflecting the relative improvement in the performance of some alternative digital currencies.
As for the digital currency XRP, it was one of the top performers of the previous day after rising by double digits and reaching multi-month highs above $2.40.
However, it failed to stabilize the level and dropped to $2.20 before returning to find relative support near $2.28.
Under the same background, some currencies with larger market capitalizations fell slightly, such as ZEC, XLM, and SIU.
On the positive side, the price of Ethereum rose by nearly 1% during the day, reaching around $3,200, while the price of the digital currency BNB approached the $910 level.
SOL also touched $140 and XMR rose above $455.
Compared to the rest of the market, RAIN and M coins have recorded the largest gains in the past 24 hours.
Finally, according to data from “CoinGecko”, the total market value of the digital currency market decreased by approximately US$25 billion compared with the same period yesterday, and stabilized at approximately US$3.23 trillion.
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