Bitcoin’s attempts to rebound over the weekend saw its price exceed $93,000 on Friday, only to encounter immediate resistance that pushed it back down.

Currently, many major altcoins reflect similar downward trends, including notable drops from PUMP, SOL, and ADA.

Bitcoin’s Progress Stalls at $93K

On November 21, Bitcoin’s price dropped to below $82,000, marking its lowest point since April and a decline exceeding $25,000 within just ten days. With bulls finally intervening, the currency managed to stabilize around $84,000. Bitcoin’s recovery led it to reach just over $93,000 yesterday, pulling back to about $90,500 as of this morning.

BTCUSD. Source: TradingView

Altcoin Market Trends

Similar to Bitcoin, the majority of altcoins have faced losses, with ETH nearing the $3,000 mark again and XRP below $2.40. Meanwhile, Pi Network’s PI token has fallen by 7% in the past day, dropping to under $0.25. In contrast, tokens like M and QNT have increased by 16% and 8%, respectively.

The total market cap of cryptocurrencies has decreased by $50 billion over the past day, now totaling around $3.170 trillion.