Bitcoin Price Hits $99,000, Avalanche Jumps 4% Daily (Market Watch)

Bitcoin held on to Friday and weekend gains and even jumped to a multi-week high of nearly $100,000 before stalling again and pushing south by nearly a thousand.

Most altcoins are also quite sluggish on a daily basis, with ETH above $3,600 and SOL above $210.

BTC approached $100,000

The start of the previous business week was anything but positive for BTC as the asset fell to a monthly low of $91,300. His volatile roller coaster continued in the following days with several fluctuations worth thousands of dollars.

It topped $96,000 on New Year’s Eve, but quickly pushed south to below $93,000. The bulls finally rallied for good at that point and pushed it above $97,000 on January 2nd. After another brief retracement of roughly a thousand, BTC soared to $99,000 on Friday amid surging ETF inflows.

Although trading volumes decreased over the weekend, BTC maintained its run and remained relatively in the same position. Monday started on a more favorable note, rising to a two-week high of $99,800 (on Bitstamp), where it faced improved resistance.

As of now, bitcoin is hovering around $99,000 after a minor pullback, with its market cap above $1.960 trillion and its dominance of the highs at 53.4% ​​on CG.

Bitcoin/Price/Chart 6.1.2025. Source: TradingView AVAX on the Rise

Most of the larger-cap alternatives have failed to produce any significant movement in either direction. ETH, BNB, SUI and LINK have recorded minor gains, while XRp, SOL, DOGE and ADA have negligible losses.

Avalanche is the best performing of the larger cap alternatives. AVAX is up nearly 5% and now sits around $44. Other notable gains include RNDR, FET and FIL, with increases around 6-7%.

Total crypto market capitalization has added about $30 billion overnight and stands at $3.680 trillion in CG.

Cryptocurrency Market Overview. Source: QuantifyCrypto SPECIAL OFFER (Sponsored) Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive an exclusive welcome offer of $600 to Binance (full details).

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