Bitcoin continues to consolidate in a sideways trend, with prices consistently fluctuating around $95,000, and market trading is light.
The overall performance of the altcoin market is flat, with most cryptocurrencies maintaining a sideways pattern. Notably, related tokens have seen a significant decline due to news of the Trump team's reduction.
BTC continues to test the $95,000 mark
Bitcoin exhibited a steady upward trend last week, starting the week at $84,000, consecutively breaking through the $87,000 and $88,000 marks, ultimately stabilizing above the critical support level of $86,000.
The market continued its upward trend on Tuesday, with Bitcoin surpassing the $90,000 mark for the first time since early March. Subsequently, bulls maintained their momentum, pushing the price to a high of $96,000 on Friday, a new two-month high.
Although prices receded over the weekend, they remained fluctuating within the $94,000-$95,000 range. Yesterday, there was a brief dip below $93,000 during intraday trading, but it quickly found support and rebounded, currently trading around $95,000.
According to the latest data, Bitcoin's current total market capitalization is reported to be below $1.89 trillion, with a market share maintained at 61%.
BTCUSD.
Trump concept coins declined
The Trump concept coin (OCR) has experienced significant price volatility recently. It surged due to news that 'the top 220 holders can attend a presidential dinner', but the latest on-chain data shows that the project team has transferred a large amount of tokens to exchanges, suspected to be preparing for a sell-off, leading to a drop of over 7% within 24 hours.
Market performance is diverging:
[Leading Decline Cryptocurrencies]
Mainstream altcoins such as PI, XMR, SUI, SOL, HBAR, XLM, ADA, DOGE, and XRP generally corrected
[Leading Gain Cryptocurrencies]
BCH performed outstandingly, with a daily increase of 5.5%, currently reported at $375
BNB, ETH, LINK, etc. also saw slight increases
Overall, the cryptocurrency total market capitalization (CoinGecko data) remains fluctuating around the $3.1 trillion mark.
Overview of the cryptocurrency market.
