SOL Eyes $200 After 5% Daily Rise, BTC Calms at $95K (Weekend Watch)

Bitcoin’s declining trading volume continues over the weekend as the asset has produced little real price movement over the past day.

Altcoins have regained some ground from Saturday’s correction, with ETH above $3,400 and DOGE targeting $0.33.

BTC stops at $95,000

Last week’s correction erased much of BTC’s price gains indicated in December, as the asset plummeted to $92,000 on December 21. It managed to rebound immediately and headed towards $100,000 on a couple of occasions since then = December 22nd and 26th, but to no avail. .

Each attempt was met with vicious rejection that pushed the cryptocurrency south by several thousand. The last such move came at the end of the work week and BTC fell towards $93,000.

It defended this level and jumped to $94,000 yesterday and $95,000 now. This is somewhat expected given the recent decline in trading volumes, which could be a blessing in disguise for BTC and other assets if the whales continue to make big purchases.

For now, however, BTC’s market cap remains well below $1.9 trillion on CG, and its dominance over the highs has shrunk to 54%.

Bitcoin/Price/Chart 29.12.2024. Source: TradingView SOL, SUI Recover

Most altcoins suffered a lot yesterday, but have produced some minor gains over the past 24 hours. ETH has climbed above $3,400, XRP is near $2.2, while BNB continues to defy market sentiment with a 2.5% jump to $718.

Dogecoin has added over 3% in value and is near $0.33, while SOL and SUI have gained 5-6%. As a result, SOL is now trading above $195, while SUI is north of $4.25.

Other notable benefits include HBAR, DOT, AAVE, APT, ICP and PEPE.

The total crypto market capitalization has recovered about $50 billion since yesterday and is approaching $3.5 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).

LIMITED OFFER for CryptoPotato Readers on Bybit – Use this link to register and open a FREE $500 position with any currency!

Disclaimer: The information found on CryptoPotato is that of the quoted writers. It does not represent CryptoPotato’s views on whether to buy, sell or hold any investment. You are advised to do your own research before making any investment decisions. Use the information provided at your own risk. See disclaimer for details.

TradingView Cryptocurrency Charts.