Bitcoin calmed over the weekend after the recent roller coasters and its price now stands at just over $98,000.
Most altcoins are also quite sluggish today, but the weekly scale shows massive recoveries from the likes of ADA, DOGE, AVAX, and others.
BTC at $98K
The business week started on the wrong foot for BTC. The asset struggled to remain above $94,000 during the previous weekend but lost that resistance and slumped hard on Monday. As reported at the time, the cryptocurrency dumped by roughly three grand and fell to a monthly low of $91,300.
Many started to anticipate that the correction will endure and drive BTC to under $90,000, but the bulls intercepted the move and didn’t allow another such retracement. Just the opposite, bitcoin started to regain value and go through substantial fluctuations but overall managed to get out of its dire situation.
It spiked to $99,000 on Friday but was stopped there and pushed south to $98,000. It has remained in a relatively tight range over the weekend and now stands just inches above $98,000 after gaining 3.3% on a weekly scale.
Its market capitalization has risen to almost $1.950 trillion on CG, while its dominance over the alts is down by over 1% in a week to 53.1%.
Alts in Weekly Recovery
Most altcoins are well in the green on a weekly scale. Ethereum has regained more than 6% of value and sits above $3,600. Ripple’s native token is around $2.4 after a 9% weekly surge.
The biggest gainers from the larger-cap altcoins come from Cardano and Dogecoin. Both assets are up by double digits, with ADA leading the way following a 22% surge.
Other notable gainers include SUI, which registered a new all-time high, XLM, and AVAX. In contrast, TON and BNB are slightly in the red on a weekly scale.
The total crypto market cap has jumped to $3.660 trillion on CG after bottoming at under $3.4 trillion earlier this week.
