Bitcoin faced some extreme volatility yesterday amid the latest developments in South Korea, but it managed to recover its losses and is back to roughly $97,000.

The show, though, belongs to a few altcoins once again, such as TRX and BNB, both of which have soared to new all-time highs.

BTC Back to $97K

After last weeks bounce-off from $91,000, the primary cryptocurrency went on the offensive and shot above $98,000 on Friday. However, the bears came out of the woods again at that point and didnt allow another attempt at cracking into six-digit price territory.

BTC slipped during the weekend and stood within a range between $96,000 and $97,000. Monday began with a brief surge past $98,000, which was met with tons of resistance that drove bitcoin south to under $95,000. Another volatile wave hit the market with a surge to $97,500 and a subsequent rejection to $94,500.

A similar scenario repeated yesterday amid the brief martial law in South Korea, and BTC dumped to $93,500 this time, with warnings about an even more severe correction.

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Invalid email address Your privacy is guranteed.Thanks for subscribing, you will get your first report in the next hours! However, the cryptocurrency headed in the opposite direction and now sits close to $97,000 after recovering over three grand since yesterdays low.

Its market cap has reclaimed the $1.9 trillion line, but its dominance over the alts has dumped again to 51.3% on CG.

Bitcoin/Price/Chart 4.12.2024. Source: TradingView

TRX, BNB at New Peaks

As reported earlier, TRX emerged as todays top performer as it skyrocketed by almost triple digits at one point and shot above $0.4 to mark a fresh all-time high. Binance Coin is another larger-cap asset that charted a new peak of almost $800.

Other notable gainers from the larger-cap alts include AVAX, TON, DOT, BCH, ETC, and FIL. Ethereum has gained more than 3% and sits above $3,700.

The total crypto market cap has added another $60 billion since yesterday and sits at a peak of its own at over $3.730 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).

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Cryptocurrency charts by TradingView.