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Over the weekend, Bitcoin price trends were relatively stable. Since hitting its lowest level in months last Friday, it has rebounded by more than 10,000 US dollars and currently remains near US$91,000.
On the other hand, some major alternative currencies such as HYPE, AVAX, and ZEC have fallen significantly in the past few hours.
The last few days have been tough for Bitcoin, falling below $81,000 for the first time since April, losing more than $25,000 in just ten days.
However, buyers strongly defended the $80,000 level, paving the way for the start of a gradual recovery phase.
Prices initially rose to $84,000 last weekend and continued to rise, reaching about $88,000 by Wednesday.
Despite facing resistance at this level, Bitcoin was able to overcome it and break above the $90,000 mark this weekend, setting a weekly high of over $93,000 on Friday morning.
But the rally was short-lived as the currency returned to the $90 to $91,000 range and stabilized in about 36 hours.
The market value of Bitcoin rose to approximately US$1.82 trillion, and its market dominance reached more than 57%.
Judging from the weekly performance of alternative currencies, many currencies have seen a significant improvement, with ETH and XRP achieving gains of more than 7%, reaching $3,000 and $2.20 respectively.
Despite the recent decline in HYPE, SOL and HYPE also recorded good gains this week.
Tokens like XMR, XLM, AVAX, SUI, SHIB, CC, and AAVE are seeing positive results every week.
On the other hand, ZEC bucked the trend and fell more than 21% in a week, falling below $450.
As for the total market value of digital currencies, it has increased by approximately US$300 billion since last Friday’s decline and is now approaching the level of US$3.2 trillion, indicating that the entire market is still continuing to try to recover.
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