Bitcoin continued its upward trend last week, soaring to $96,000, but has since slowed down and is experiencing a price correction.
Bitcoin broke through the $86,000 resistance level on Monday and maintained a steady upward trend, surpassing $90,000 on Tuesday for the first time since early March.
After a brief correction, it continued rising to $92,000 on Wednesday. On Friday, driven by strong buying pressure, it reached a two-month high of $96,000.
As the weekend approached, the market somewhat stabilized, but Bitcoin failed to break through the $96,000 resistance level. As of Sunday, Bitcoin is trading around $2,000 lower from its recent peak.
According to CoinMarketCap, Bitcoin's market capitalization has fallen below $1.87 trillion, maintaining a 61.3% share of the entire cryptocurrency market.
The altcoin market experienced even larger declines. Ethereum (ETH) and TRON (TRX) showed slight increases, while Pepe (PEPE) and SHIB dropped by over 5%. ADA, SOL, Doge, Chainlink, AVAX, and XRP also recorded declines.
The total cryptocurrency market capitalization decreased by approximately $4 billion compared to the previous day, and by about $7 billion from its Friday peak.
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