Bitcoin Tries to Hold Above $100.000 as PEPE, DOGE, and XRP Show Bullishness
- Bitcoin unsuccessfully tests $100.000.
- PEPE and Dogecoin hit new highs.
- Volatility marks the crypto market.
The cryptocurrency market has been experiencing a lot of volatility recently, with Bitcoin (BTC) struggling to stay above the $100.000 mark due to intense selling pressure. Meanwhile, altcoins like DOGE and PEPE have been hitting their highest values yet.
Following the victory in the US elections, which marked a wave of optimism among investors, Bitcoin jumped from less than $70.000 to almost $100.000 in a matter of weeks. Despite the initial enthusiasm, resistance from sellers was enough to prevent the price from breaking above $100.000 for some time.
Last Thursday, however, Bitcoin finally broke through this psychological barrier, reaching a new high of nearly $104.000. However, the euphoria was short-lived, and a sharp rejection dropped its value to around $92.000 in the following hours. Even after several leveraged positions were eliminated, Bitcoin attempted a recovery but failed to sustain the momentum and retreated, currently hovering below the $100.000 mark.
At the time of publication, the price of BTC today was quoted at US$ 100.110 with an increase of 1% in the last 24 hours.
In the altcoin arena, the highlight was the PEPE coin, which saw a 20% increase and reached a new all-time high of $0,00002694, before suffering a correction. Dogecoin, in turn, approached the value of US$0,50, a level it had not touched in three and a half years. Meanwhile, XRP showed a recovery with an appreciation of 8%, and was trading close to US$2,60.
