Bitcoins underwhelming price performance continues as the asset slipped below $93,000 yesterday but now sits at around $94,000.

In contrast, many altcoins have produced a lot more impressive increases over the past 24 hours, including ETH, XRP, BNB, and others.

BTC Stalls at $94K

It was precisely a week ago when the primary cryptocurrency was flying confidently above $100,000 and even registered an all-time high of over $108,000. However, the landscape started to change later that day and especially on Wednesday after the last FOMC meeting for the year.

BTC dropped to $105,000 at first, but the bears pushed it south a lot harder on Thursday and Friday. The correction culminated on Friday, at least for now, with a price dump to $92,000.

The bulls finally reemerged at this point and didnt allow a breakdown beneath $90,000. In fact, BTC bounced off during the weekend and even jumped above $99,000 on Saturday. Nevertheless, that was short-lived once again, and the asset plummeted once again at the start of the current business week to under $93,000 yesterday, perhaps due to the rising net outflows from the US-based ETFs.

Alicia BakeryCMO - A really good agencyDid you like this market update?

This is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:

Invalid email address Your privacy is guranteed.Thanks for subscribing, you will get your first report in the next hours! Despite recovering some ground since that daily low, bitcoin is still sluggish at around $94,000. Its market cap is well below $1.870 trillion on CG, while its dominance stands close to 54%.

Bitcoin/Price/Chart 24.12.2024. Source: TradingView

Altcoins Outperform

Interestingly, while BTC is down by 1% in the past day, most altcoins have turned red. ETH, BNB, XRP, DOGE, ADA, TRX, and SHIB have posted gains of around 2-3%, while AVAX, LINK, and SUI have jumped by 5-6%.

Even more impressive daily price increases come from the likes of HBAR and AAVE, both of which have jumped by double digits.

The biggest gainers from the top 100 alts include VIRTUAL (24%), PENGU (16%), BGB (15%), HNT (13%), and MOVE (13%).

The total crypto market cap has added around $20 billion since yesterday and is above $3.460 trillion now.

Cryptocurrency Market Overview. Source: QuantifyCrypto SPECIAL OFFER (Sponsored) Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!

Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.