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Bitcoin’s price aimed at $92,000 but to no avail so far as the bears has managed to defend that level.
Many altcoins are on the retreat today, with $XRP $ADA and $PEPE dropping hard. In contrast, $HBAR has outperformed the rest of the top 50 alts.
$BTC Remains Above $91K
The Trump-victory-induced rally culminated last Wednesday when the primary cryptocurrency neared $94,000 to chart a fresh all-time high. At the time, reports started to emerge indicating that the asset had reached its local peak and could take a while longer to resume its bull run and challenge $100,000.
The following week or so has been quite choppy. $BTC fell below $87,000 on a couple of occasions at the end of the business week but bounced off and stopped at around $90,000 during the weekend.
Sunday evening and Monday started with more impressive gains as bitcoin tapped $92,000. However, the bears intercepted the move and didn’t allow any further increases despite MicroStrategy’s continuous massive $BTC buys.
As of now, the cryptocurrency trades in a range between $91,000 and $92,000. Its market cap remains above $1.8 trillion on CG and its dominance over the altcoins is close to 56.5%.
DOGE Recovers Some Ground
Most larger-cap alts are in the red today. ETH, SOL, BNB, SHIB, BCH, and SUI are with minor losses, while $XRP, $ADA, AVAX, and WIF have dropped by up to 6.5%.
$PEPE has lost the most value over the past day, dropping by 7.5%. As a result, the third-largest meme coin now struggles to maintain $0.00002.
In contrast, the largest of the meme token sphere has risen by nearly 3% and is close to $0.39. XTZ has returned to the top 100 alts after a 36% daily surge that has pushed its price to over $1.1. $HBAR is the other notable gainer over the past day, having surged by 27% to $0.14.
The total crypto market cap has declined slightly since yesterday but it is still above $3.2 trillion on CG.
