Bitcoin Stabilizes at $98K After Intense Volatility; Altcoins Follow Pace

• Bitcoin Recovers After Plunge, Stabilizes at $98.000
• Altcoins like ADA, DOGE, and AVAX show recovery
• Volatility in the crypto market continues to influence prices

After a period of high volatility, Bitcoin found a moment of calm this weekend, holding above $98.000. At the time of publication, the price of BTC is now quoted at $97.856,72 with an increase of 0,1% in the last 24 hours.

Meanwhile, other cryptocurrencies known as altcoins, including ADA, DOGE and AVAX, are exhibiting more stable performance despite a tumultuous previous week.

At the beginning of the week, things were not looking so promising for Bitcoin, which was struggling to hold on to the $94.000 mark. With significant resistance lost, the cryptocurrency experienced a sharp drop to $91.300, marking its lowest value of the month. This negative movement led many to speculate a possible decline below $90.000.

However, contrary to expectations, the Bitcoin market has shown resilience. “Many began to anticipate that the correction would continue and take BTC below $90.000, but the bulls intercepted the movement and did not allow another pullback,” experts indicate. With a remarkable recovery, Bitcoin’s value reached $99.000 on Friday, but met new resistance that pushed it back to the $98.000 range.

Over the weekend, Bitcoin remained within a relatively narrow price range, but ended the period with a 3,3% increase on a weekly basis. This performance reflects not only the recovery of Bitcoin itself, but also a trend of stability in the cryptocurrency market in general.