Bitcoin's Surge Halts at $95K, Leading to Major Retracement in Altcoins (Weekend Review)

Bitcoin's rally this week ended sharply at the $96,000 mark, with the cryptocurrency declining by nearly $2,000 since. Several altcoins, including SOL, DOGE, ADA, and SHIB, have experienced even steeper drops.

The rally began early in the week with Bitcoin breaking the $86,000 mark and climbing to $92,000 by Wednesday. By Friday, it reached a two-month high, just under $96,000. Despite an attempt over the weekend, Bitcoin could not surpass this resistance level and is currently about $2,000 below its peak. Meanwhile, most altcoins have fallen more than Bitcoin in the past 24 hours, except for ETH and TRX.

The overall market cap of all cryptocurrencies has fallen by about $40 billion since yesterday and approximately $70 billion since Friday's peak.