💥💥💥 #bitcoin☀️ Struggles at $91K; $PEPE Experiences 7% Daily Dip (Market Watch)
Bitcoin Faces Resistance at $92K; HBAR Outperforms
- Bitcoin's recent attempt to break the $92,000 level has been thwarted by strong bearish resistance, preventing further gains.
Bitcoin Holds Above $91K
- Bitcoin’s rally, triggered by the Trump victory, saw the cryptocurrency near $94,000 last Wednesday, setting a new all-time high. However, this peak marked a local top, and it is expected to take some time before Bitcoin resumes its bull run and targets the $100,000 level.
- Over the past week, Bitcoin has experienced volatility, falling below $87,000 on a few occasions before rebounding and hovering around $90,000 during the weekend. By Sunday evening and into Monday, Bitcoin made another attempt at $92,000, but bears quickly intercepted the move, halting any further price increases despite MicroStrategy's ongoing large-scale BTC purchases.
- Currently, Bitcoin is trading in a range between $91,000 and $92,000. Its market capitalization remains above $1.8 trillion, with dominance over altcoins at approximately 56.5%.
DOGE Shows Strength While Other Alts Struggle
- The altcoin market has seen a retreat, with $ETH , SOL, BNB, SHIB, BCH, and SUI posting minor losses. XRP, ADA, AVAX, and WIF have seen larger declines of up to 6.5%.
- PEPE has been the biggest loser, dropping 7.5% and struggling to maintain the $0.00002 level. In contrast, Dogecoin ($DOGE ) has rebounded by nearly 3%, approaching $0.39.
- Other notable gainers include XTZ, which surged 36% and reentered the top 100 altcoins with a price above $1.1, and HBAR, which rose 27% to $0.14.
- The total crypto market cap has seen a slight decline since yesterday but remains above $3.2 trillion on CoinGecko.
