Over the past weekend, Bitcoin‘s price stability persists without significant fluctuations. The cryptocurrency remains within a narrow band, fluctuating between approximately $94,000 and $95,000, unable to make a substantial breakthrough.
Conversely, various alternative cryptocurrencies like Ripple (XRP), Cardano (ADA), and Stellar Lumens (XLM) experienced substantial increases during the weekend, whereas Suisei (SUI) took a sharp dive.
ADA, XLM, XRP on the Rise
On Saturday evening, Ripple’s cross-border token experienced a significant jump, rising from $2.33 to $2.5. The asset continued to climb in the subsequent hours, reaching a high not seen for several weeks at $2.6, before slightly correcting to its current price of $2.52.
Among the larger altcoins, Cardano’s native token ADA is experiencing significant growth, increasing almost 9% over the past day. It currently hovers around the desirable resistance point of $1. Similarly, XLM has seen a notable increase, rising over 7%, and is now close to $0.45 in value.
Instead of a decline, SUI has dropped by more than 3% to $4.82. Meanwhile, TRX, SHIB, and BNB are experiencing slight decreases as well. However, ETH, SOL, DOGE, AVAX, TON, LINK, HBAR, and DOT have experienced modest increases over the past 24 hours.
Today, the total value of all cryptocurrencies remains almost unchanged compared to yesterday, hovering around $3.450 trillion according to CoinGecko.
BTC Calms at $94K
Last week was particularly active and unpredictable for the main cryptocurrency. It reached an impressive peak of over $102,000 on Tuesday, but plummeted by more than $10,000 in the following two days. The lowest point occurred on Thursday when Bitcoin nearly dipped below $91,000 and even flirted with the $90,000 mark.
In the subsequent hours, there was increased price fluctuation. It spiked up towards approximately $96,000 only to be rejected, causing a drop back near $92,000.
Or simpler: The price saw significant swings in the following hours, reaching about $96,000 before falling back close to $92,000.
On the other hand, the bulls successfully held their ground at the higher level, propelling Bitcoin up to around $94,000. For the majority of the weekend, this was where it stayed, except for a short-lived surge to about $95,000.
In other words, the total value of Bitcoin on CoinGecko stands at approximately $1.865 trillion, yet its control over alternative cryptocurrencies has decreased slightly to around 54.2%.
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2025-01-12 12:30