Altcoin prices have begun to recover, with Bitcoin trying to rise to $89,000

Bitcoin continues to gradually recoup some of its recent losses, hitting the $89,000 level today for the first time since last weekend’s sharp price decline.

At the same time, several alternative currencies have experienced relatively greater gains than Bitcoin, the most notable of which are the digital currencies ENA, HYPE, and XRP.

Is Bitcoin paving the way towards $90,000?

Last week was a tough one for the largest digital currency on the market as it fell below the $100,000 level before quickly falling from 96,000 to below 90,000.

After a brief recovery to $94,000, it fell back to its lowest level since April at $81,000, down about 35% from its peak in early October.

But as the weekend began, Bitcoin began to gradually recover and hit $84,000 before rising again today to $89,000, although it later fell back to around $87,000.

Its market capitalization rose to $1.74 trillion, while its dominance dropped to 56.5%.

Altcoins are green:

Ethereum rose above $2,900 before falling back slightly, with daily gains of about 3%.

BNB, DOGE, ADA, LINK and other digital currencies also performed strongly, with XRP and SOL performing the best among major currencies. The first rose by 7% to $2.20, and the second rose by more than 5% to about $135.

The biggest increases were KAS 22%, SUI 11%, ENA 10% and CC 9%.

The increase in RAIN is significantly more than 100%.

In comparison, ZEC and BCH suffered the largest declines, with losses of 6.3% and 4.5% respectively.

The total cryptocurrency market capitalization rose by approximately $60 billion in 24 hours to $3.075 trillion.

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