
Bitcoin’s relatively stable movements continued this weekend as it managed to climb to $89,000, facing immediate resistance. Most major altcoins showed sluggish performance, which is common for Sundays, but UNI has emerged as a significant gainer.
BTC Hits $89K
The previous week was anticipated to be volatile, starting with BTC’s drop from $90,000 to under $86,000 within hours. After a slight recovery to $88,000, BTC surged back up to $90,400 on Wednesday.
However, the bears took control, pushing the price down to under $85,500. Following the release of favorable US CPI data, BTC briefly surged to $89,500, only to face another rejection. Eventually, BTC found some momentum, managing to hit $89,000 again today.
Market Cap and Dominance: BTC’s market cap is near $1.770 trillion, with over 57% dominance over altcoins.
UNI on the Rise
While larger altcoins maintained a calm demeanor, UNI jumped significantly, increasing by over 10% and reaching $6.30. NIGHT also made notable gains, surging by over 30% to $0.09.
The total cryptocurrency market cap saw an influx of about $20 billion overnight, approaching $3.1 trillion.
