Bitcoin’s price movements over the weekend have been relatively steady, lingering around $91,000, with a notable increase of over $10,000 since last Friday’s multi-month low.

While most larger-cap altcoins have shown sluggish movement recently, notable exceptions include HYPE, AVAX, and ZEC, all of which faced steep declines since yesterday.

BTC Recovers to $91K

As referenced earlier, the past week had been challenging for Bitcoin as it fell below $81,000 for the first time since April, marking a loss of more than $25,000 within ten days.

However, bulls stepped in to defend the $80,000 support line, allowing Bitcoin to regain some ground, bouncing back to $84,000 last weekend. The cryptocurrency saw about $88,000 by Wednesday, breaking through that resistance later that night. By the end of the week, it surged above $90,000, reaching a local peak just above $93,000 on Friday morning.

Nevertheless, Bitcoin couldn’t sustain its upward momentum, leading to a subsequent drop that has it positioned within the $90,000-$91,000 range for the past 36 hours. Its market cap has swelled to $1.83 trillion, maintaining a dominance of over 57% against altcoins according to CoinGecko.

BTCUSD Chart

Weekly Performance Trends

The weekly performance of various cryptocurrencies shows gains, with Ethereum (ETH) and XRP increasing over 7% to approximately $3,000 and $2.20, respectively. SOL also gained 5%, although it is down 6% in the last 24 hours.

Additional cryptocurrencies like XMR, XLM, AVAX, SUI, SHIB, CC, and AAVE reported weekly gains, while ZEC has faced a more painful decline, dropping over 21% since last Sunday, now trading below $450.

Overall, the total cryptocurrency market cap has surged by over $300 billion since last Friday’s low, nearing $3.2 trillion.