financetom
Cryptocurrency
financetom
/
Cryptocurrency
/
Bitcoin (BTC) Stable at $105K, Avalanche (AVAX) Gains 6% Daily (Weekend Watch)
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Bitcoin (BTC) Stable at $105K, Avalanche (AVAX) Gains 6% Daily (Weekend Watch)
Jan 26, 2025 1:15 AM

Bitcoins price movements over the weekend have been quite underwhelming, but the asset has remained stable at around $105,000.

The altcoins are with minor gains on a daily scale but the weekend charts show a different picture for many of them.

BTC Holds Steady at $105K

The largest cryptocurrency went through a spectacular ride at the beginning of the business week. It began with a nosedive on Monday morning from $106,000 to under $100,000 before it exploded to a new all-time high of over $109,000. More volatility ensued before, during, and after Donald Trumps inauguration speech as he failed to mention crypto.

Following a price slump to $101,000, the bulls stepped up and didnt allow a price slump into five-digit territory. In fact, BTC started to recover some ground and spiked to $107,000 a few days later. It failed there and was pushed south by three grand on Saturday morning but has recovered from that decline and now sits about a grand higher with little to no movement over the past 12 hours.

Its market capitalization has climbed to $2.080 trillion on CoinGecko, while its dominance over the alts stands tall at 55.4%.

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!

AVAX on the Rise

The largest altcoins have recovered some of the losses charted yesterday. Ethereum has bounced above $3,300 after a 1.3% daily increase, while XRP is above $3.1 following a similar increase. BNB, DOGE, and ADA stand in the same bracket.

Solana and Chainlink have gained around 3% each and now trade at $255 and $25, respectively. Avalanche has emerged as the top performer from the larger-cap alts, surging by 6% to $37.5.

The biggest gainers from the top 100 alts are XCN (91%), OM (30%), TAO (13%), and TRUMP (10%).

The total crypto market cap has recovered over $60 billion overnight and is up to $3.750 trillion on CG.

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.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Why Did Coinbase’s (COIN) Shares Dump 9.5% on Thursday?
Why Did Coinbase’s (COIN) Shares Dump 9.5% on Thursday?
May 16, 2024
Coinbase became arguably the most important crypto player in the US this year as numerous ETF providers, including BlackRock, chose the platform to serve as custodian to their Bitcoin exchange-traded funds. Adding the overall bull run for the entire market resulted in positive price movements for its shares, which jumped to over $250 earlier this year. However, COIN dumped hard...
Internet Computer Protocol (ICP) Unveils New Roadmap for Decentralized AI and Chain Interoperability
Internet Computer Protocol (ICP) Unveils New Roadmap for Decentralized AI and Chain Interoperability
May 16, 2024
Decentralized blockchain network Internet Computer Protocol (ICP) has released a new roadmap for driving decentralized artificial intelligence (DeAI) and chain fusion in the web3 space. According to an official statement sent to CryptoPotato, ICP is unveiling the Year 4 Internet Computer Roadmap to celebrate the third anniversary of its mainnet launch. ICP Releases New Roadmap The new roadmap summarizes three...
Senate Passes Bill To Scrap Anti
Senate Passes Bill To Scrap Anti
May 16, 2024
The United States Senate passed a resolution on Tuesday to scrap a de facto ban preventing the nation’s banks from offering crypto custody services. The vote drew cautious optimism from Bitcoin’s most fervent supporters online and in Congress, who are still wary of a likely veto by the presidential office. Will Crypto Banking Be Possible In The US? As voted...
Market Sentiment: Gold, Dow Jones 30, USD/JPY – Bears or Bulls in Control?
Market Sentiment: Gold, Dow Jones 30, USD/JPY – Bears or Bulls in Control?
May 16, 2024
Most Read: EUR/USD Fails to Sustain Bullish Momentum, GBP/USD Pauses After Breakout In the dynamic world of trading, it’s easy to fall prey to the herd mentality, where buying into rising markets and selling during downturns seems like the safe bet. However, experienced traders know that there is often untapped potential on the road less traveled. This strategy involves going...
Copyright 2023-2025 - www.financetom.com All Rights Reserved