Bitcoin managed to hold the $96,000 level during yesterday’s correction on Saturday, now trading higher amid a quiet weekend.
At the same time, altcoins rebounded, led by Binance Coin (BNB), which recorded notable gains, followed by SOL, AVAX, SUI, and others.
Bitcoin Holds $96,000 Level:
Last week saw sharp volatility in the cryptocurrency market, with the volatility coming from economic and geopolitical factors.
This led to Bitcoin falling from $106,000 on Friday to $97,000 on Sunday.
The decline continued on Monday morning, with the coin falling below $92,000 for the first time in weeks.
However, buyers intervened at this level and prevented a further decline below $90,000.
In contrast, Bitcoin managed to record a strong rise to $102,000.
However, it was unable to maintain this momentum for long, as it quickly returned to the five-digit range.
Another attempt to break the $100,000 barrier failed on Friday, leading to a fresh correction towards $96,000 yesterday.
Currently, Bitcoin is slightly higher near the $97,000 level, pushing its market cap to $1.925 trillion, while market dominance has fallen to 58.2%.
BNB Leads the Market:
After yesterday’s decline in altcoins, several of them have turned green today.
Ethereum is back above $2,650 with a slight 2% gain, while XRP is up to $2.5 after rising 3.5%.
DOGE, LINK, ADA, and XLM also posted notable gains.
However, the bright spot today was Binance Coin (BNB), which jumped 12% in the past 24 hours to reach $645, its highest level in several days before retreating and trading at $620