After a gradual rise that pushed the price of Bitcoin above $113,000, the price of Bitcoin later faced intense selling pressure that quickly halted this momentum, causing the price to retreat to around $110,000 where it stabilizes at the time of writing the article.
This decline came after the failed attempt to break the level of $113,500, followed by a sharp drop to below $107,500 in almost one day.
In the following days, Bitcoin continued its volatility without recovering its losses, recording its lowest level in weeks at $107,100 on September 1.
Later, a limited improvement in sentiment helped push the price back above $111,500, before it retreated to $109,000, then temporarily rose to $113,500 following the release of weak employment data from the United States.
However, this jump did not last long, as the price of Bitcoin dropped to $110,400, causing liquidations exceeding $300 million.
Since then, the price has remained relatively stable at $111,000, with a market value exceeding $2.2 trillion and a market dominance of 56.5% according to data from 'coingecko'.
MemeCore currency attracts attention:
In contrast, the digital currency 'MemeCore' (which carries the symbol: M) continues to lead in gains, having risen by more than 14% in the past day, achieving growth exceeding 200% over the week, reaching a price of $1.57 and a market value exceeding $2.6 billion, allowing it to enter the list of the top 100 cryptocurrencies by market value.
The digital currency ENA recorded an increase of 13% to $0.73, followed by the digital currencies PUMP and HYPE with rates of 10% and 4.5% respectively, while CRO and BCH made slight gains.
In contrast, most other alternative cryptocurrencies have remained at their previous levels without significant change.
At the time of publishing the article, the total market value of cryptocurrencies stands at around $3.91 trillion.
