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In the final hours of the weekend, Bitcoin prices stabilized above $95,000 without major moves.
Most major altcoins also appear to be sluggish, with ETH, XRP, BNB, SOL, and ADA seeing limited price movements, while Monero (XMR) is the most notable exception with a 54% weekly gain.
Bitcoin had a quiet weekend before rising from $90,000 to $92,000 at the start of the week, only to stall more than once.
It successfully broke through the 92,000 mark on Tuesday and continued to rise until recording $98,000 on Wednesday night, which is the highest level Bitcoin prices have seen in months.
As a result, the price increased by approximately $8,000 in a matter of days and by nearly $10,000 since the beginning of the year.
After strong gains, losses are expected on Thursday and Friday.
The price of Bitcoin fell below $94,500 yesterday, peaking its losses following reports that Kevin Hassett will not be nominated by Trump to be chairman of the Federal Reserve.
But the price quickly rebounded, consolidating above $95,000 so far.
Bitcoin’s market capitalization is approximately $1.9 trillion, while its market dominance remains at around 57.4%.
On the altcoin front, performance remains generally lackluster.
Ethereum price was little changed near $3,300, while XRP maintained support at $2.05.
DOGE, BCH, LINK, and ZEC fell slightly, while BNB, TRX, and SOL rose slightly.
As for Monero, after rising strongly last week and hitting an all-time peak near $800, it suffered a sharp rejection, falling to around $620 after a daily drop of about 12%.
ICP also dropped by about 9% during the day.
Despite these various changes, the total market capitalization of the digital currency market remains above $3.3 trillion.
Also read:
Ethereum staking hit all-time highs and Ethereum price came close to testing the $4,000 level.
For the first time in three months: Bitcoin Fear and Greed Index returns to greedy side
