Monero’s strong rally has come to a halt after the past few sessions.
Bitcoin has shown little volatility over the last 12 hours as the weekend kicked off, hovering calmly just above the $95,000 level. Most major altcoins are also moving sideways, with ETH, XRP, BNB, SOL, and ADA showing minimal price action. In contrast, XMR has recorded a sharp decline following its recent surge.
Bitcoin Stabilizes Around $95K
Bitcoin experienced a relatively quiet weekend before gaining momentum on Monday, jumping from $90,000 to $92,000 but facing resistance multiple times. On Tuesday, it finally broke through and continued its climb, reaching a multi-month high of $98,000 by Wednesday evening.
This rally added roughly $8,000 to BTC’s price in only a few days and nearly $10,000 since the beginning of the year. After such a rapid rise, a correction was expected, which unfolded on Thursday and Friday.
The pullback peaked yesterday when BTC dipped below $94,500 following news that Kevin Hassett would not be nominated by Donald Trump as the next Federal Reserve Chair. Even so, bitcoin quickly recovered and has remained above $95,000 since.
Bitcoin’s market capitalization is holding near $1.9 trillion, while its dominance over the altcoin market remains unchanged at 57.4%.
XMR Rally Fades
Altcoins have been unusually inactive over the last 24 hours. Ethereum continues to trade flat near $3,300, while XRP has maintained support at $2.05. DOGE, BCH, LINK, and ZEC are slightly lower, whereas BNB, TRX, and SOL have posted marginal gains.
Monero, which surged aggressively over the past week to nearly $800—its new all-time high—was rejected at that level. The asset has since fallen sharply and is now trading around $620 after a 12% daily drop. Internet Computer (ICP) has also suffered notable losses, sliding 9% in the past day.
Meanwhile, the total cryptocurrency market capitalization remains above $3.3 trillion, according to CoinGecko.
