Bitcoin's price experienced sharp fluctuations since Sunday evening, as the price touched the $107,000 barrier before retreating by more than $5,000, then rising again.
The recovery peaked at around $106,600, with relative stability above the $104,000 level so far.
This volatility pushed the market value of Bitcoin to about $2.090 trillion, with a market dominance of 60.7%, according to the CoinGecko platform.
The decline in Bitcoin's price began at the end of last week, when the price fell below $102,000 on Thursday.
However, the currency quickly regained part of its losses, surpassing $103,000 on Friday, and remained moving sideways until Sunday evening.
Afterwards, a strong upward wave began, reaching $107,000 for the first time since January, before dropping again to a level close to $102,000, then rebounding to around $106,600.
Alongside the fluctuations in Bitcoin's movement, most altcoins recorded significant gains.
The price of Ethereum rose by 5.5% to exceed $2,500.
As for the Ripple token, it managed to defend an important support level, currently trading at $2.35.
Coins like SOL, TRX, SUI, LINK, AVAX, SHIB, HBAR, and TAO achieved daily gains of up to 7%.
However, the AAVE token stood out particularly, as its price jumped by more than 20% to reach $265, outperforming most major market-cap cryptocurrencies.
Thanks to these movements, the total market value of cryptocurrencies increased by about $100 billion in one day, reaching $3.42 trillion according to data from CoinGecko.
