Cryptocurrency market adds $130 billion after Bitcoin rises to weekly high above $91,000

A week later, Bitcoin price fell below the $90,000 level, causing severe losses, especially after the price fell below $81,000.

Since then, Bitcoin prices have rebounded strongly, approaching the $92,000 level, hitting its highest level this week.

The rise also further strengthens their market dominance given that most alternative digital currencies have been unable to keep up with the gains seen over the past few hours.

Last week, Bitcoin prices saw a dramatic pullback in November, with sellers completely dominating the market, with prices falling to their lowest levels in nearly seven months, and more than $25,000 lost in just ten days.

However, buyers were able to prevent further losses below $80,000, so the currency gradually recovered towards $84,000 over the weekend before continuing its gains at the start of the new week.

Despite multiple attempts to break above the $88,000 and $89,000 levels, the actual breakout came last night when Bitcoin broke through the $90,000 mark and continued its rise on Thursday, approaching $92,000.

Its market capitalization on the CG platform rose to $1.83 trillion, and its market dominance rose to over 57% after falling to less than 56.5% a few days ago.

At the altcoin level, upward trends are also widespread, but only a few altcoins have outpaced Bitcoin’s gains.

Ethereum price rose more than 4% to cross the $3,000 mark, while XRP is back to $2.20.

BNB, SOL, HYPE, LINK and ADA also achieved daily gains of 3% to 4%.

As for AVAX and MNT, they are the best-performing currencies in the large market capitalization category, with both gains exceeding 6.5%.

KAS also gained 21%, followed by FLR which gained 11% and SKY which gained 10%.

Overall, cryptocurrency market capitalization increased by more than $130 billion in 24 hours, returning to the $3.2 trillion level, CG data showed.

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