Bitcoin experienced brief fluctuations in early trading on Monday, falling below $93,000 at one point, before quickly rebounding and currently stabilizing around $95,000.
In terms of altcoins:
XMR performed outstandingly and became the leading altcoin in the market
XRP has seen a significant rise, boosted by the news that the United States has approved multiple futures ETFs
The overall market trading is currently active, with the focus on whether Bitcoin can effectively hold the $95,000 mark.
BTC continues to test the $95,000 mark
Bitcoin showed a step-by-step upward trend last week. After breaking through the key resistance level of $86,000 at the beginning of the week, the price reached a high of $88,000. After a short break, the bulls regained their strength on Tuesday and successfully stood above the $90,000 mark, breaking through this important psychological price for the first time in six weeks.
After entering the middle of the week, the upward momentum continued to release, and on Friday, it approached $96,000 during intraday trading, setting a new high in nearly two months. However, it encountered short-selling resistance near this price and failed to form an effective breakthrough. It is worth noting that the callback this time was relatively mild, and the overall price remained around $94,000 over the weekend.
After the opening of this week, the market fluctuated briefly, and the price once dropped below $93,000, but soon resumed its upward trend. Currently, Bitcoin is approaching the $95,000 mark again, showing that the market remains relatively resilient. In the future, we need to pay close attention to the breakthrough of the previous high pressure level of $96,000.
Bitcoin's market value has exceeded the $1.88 trillion mark, but its market dominance has fallen slightly to 61% (CoinGecko data), indicating that some funds are flowing into the altcoin market.
BTCUSD。
XRP and XMR led the gains
XRP and XMR became the main forces leading the market. Influenced by the news of the approval of the US futures ETF, XRP rose by more than 8% in 24 hours, breaking through $2.33 for the first time in a month. XMR once soared 40%, hitting a four-year high, and then fell back to below $270.
Other major altcoins performed relatively stable. ADA, SOL, SUI, HBAR, LINK, and XLM rose slightly, while ETH, DOGE, TRX, and AVAX fell slightly.
The total market value of cryptocurrencies increased by about $30 billion overnight, and Coingecko data showed that it currently reached $3.085 trillion.
Cryptocurrency market overview.
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