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Bitcoin maintained its Friday and weekend gains and even jumped to a multi-week peak of almost $100,000 before it was stopped once again and pushed south by nearly a grand.
Most altcoins are quite sluggish on a daily scale as well, with $ETH remaining above $3,600 and $SOL standing above $210.
$BTC Came Close to $100K
The beginning of the previous business week was anything but positive for $BTC as the asset slumped to a monthly low of $91,300. Its volatile rollercoaster continued in the following days with several fluctuations worth thousands of dollars.
It pumped to over $96,000 on New Year’s Eve but was quickly pushed south to under $93,000. The bulls finally stepped up for good at that point and pushed it to over $97,000 by January 2. Following another brief retracement by about a grand, $BTC shot up to $99,000 on Friday amid the growing ETF inflows.
Although the trading volumes during the weekend declined, $BTC maintained its run and remained at relatively the same position. Monday began on a more favorable note, with a surge to a two-week peak of $99,800 (on Bitstamp), where it faced enhanced resistance.
As of now, bitcoin stands at around $99,000 after a minor retracement, with its market cap above $1.960 trillion and its dominance over the alts at 53.4% on CG.
$AVAX on the Rise
Most larger-cap alts have failed to produce any big moves in either direction. $ETH, BNB, SUI, and LINK have charted minor gains, while XRp, $SOL, DOGE, and ADA are with insignificant losses.
Avalanche is the top performer from the larger-cap alts. $AVAX has risen by almost 5% and now sits around $44. The other notable gainers include RNDR, FET, and FIL, with increases of around 6-7%.
The total crypto market cap has added around $30 billion overnight and is up to $3.680 trillion on CG.
