The price of Bitcoin experienced sharp fluctuations over the week, dropping from more than $115,000 at the end of last week to its lowest monthly level below $109,000, before partially recovering on Friday evening and stabilizing near the $110,000 level.
This decline came after a temporary rise to $118,000 on Thursday, driven by the U.S. Federal Reserve's decision to cut interest rates.
However, the gains did not last long, as Bitcoin entered a fluctuation range between $115,000 and $116,000 over the weekend, before losing momentum again at the beginning of the week and reaching $112,000, then later falling to its lowest levels this month.
In the last sessions of the week, the price of Bitcoin rose above $110,000 but was unable to maintain this level, currently trading below it by a significant margin.
As a result of this performance, the market value of the currency has decreased to $2.175 trillion, with a dominance of 56.5% over the alternative currency market.
Regarding other currencies, Ethereum continued to decline to below $4,000 after being at $4,500 last week, before briefly recovering above $4,000, but then retreated again.
Despite the poor performance of most alternative currencies, some exceptions have emerged.
Where XPL rose by 22% in 24 hours, followed by MYX with 18%, while currencies like WLFI, MNT, and WLD recorded daily gains ranging between 4% and 14%.
The total market capitalization of the crypto market remains at weak levels of about $3.85 trillion, after losing more than $300 billion over the week.
