Bitcoin’s price has stabilized after recent fluctuations caused by escalating tensions between the US and the EU, remaining below $90,000.

Several altcoins have made significant gains over the last 24 hours, particularly Hyperliquid (HYPE), which recently recovered from a week of depreciation.

Bitcoin’s Price Remains Below $90K

The leading cryptocurrency saw prices exceeding $95,000 last weekend. However, tensions escalated after former President Trump announced new tariffs due to stalled negotiations involving Greenland.

As the situation developed, Bitcoin fell to $92,000, eventually breaching the critical $90,000 support level to reach a low of $87,200 on Wednesday. This drop coincided with Trump’s remarks at Davos.

Despite initial recovery attempts post-speech, Bitcoin’s prices fluctuated rapidly, reaching $90,000 before falling to around $88,000 once more.

Despite a return to volatility on Friday, Bitcoin has settled at $91,000, continuing to trade below the $90,000 mark. Its market capitalization has stabilized under $1.8 trillion, with a dominance rate over altcoins at 57.5% according to CoinGecko.

HYPE’s Strong Performance

While Ethereum struggles below $3,000 with a minor increase of 1%, HYPE stands out as a top performer today, witnessing an 11% surge to $23 despite its 7% decline over the past week. RIVER has also made significant strides with a 32% daily increase, joining the top 100 altcoins. MYX has gained 12%, reaching $6.50.

The total cryptocurrency market cap has held above the $3.1 trillion mark, reflecting an overall resilient market.