Source: PortaldoBitcoin
Original Title: Crypto Week: Bitcoin Hits US$ 90K as Volatility Marks the Market
Original Link:
Bitcoin’s price experienced another week marked by strong fluctuations in the period leading up to and during Christmas. The attempt at a gradual recovery above US$ 90,000 was interrupted on Monday (22) after BTC reached US$ 90,168; since then, the coin has been oscillating.
On Wednesday, Bitcoin reached US$ 89.1K, but failed to sustain the advance. Throughout the week, BTC fluctuated until reaching the current price of US$ 87,500 this Saturday afternoon (27), meaning the main cryptocurrency only achieved a partial recovery.
Christmas Eve and Christmas Day passed with low volatility, but on Friday, BTC resumed a rally. However, this time, it did not even reach US$ 90,000, being rejected again and falling to US$ 86,500 in less than an hour.
In the broader market, most altcoins followed BTC’s movement. Ethereum retreated to around US$ 2,900, maintaining a stable price on Saturday, while XRP fell to US$ 1.85 after a 4% loss in the last seven days.
In contrast, Zcash (ZEC), Midnight (NIGHT), and Canton (CC) stood out with strong gains of 15%, 13%, and 12% respectively, helping to keep the total crypto market capitalization above US$ 3 trillion.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Crypto Week: Bitcoin hits $90,000 while volatility marks the market
Source: PortaldoBitcoin Original Title: Crypto Week: Bitcoin Hits US$ 90K as Volatility Marks the Market Original Link: Bitcoin’s price experienced another week marked by strong fluctuations in the period leading up to and during Christmas. The attempt at a gradual recovery above US$ 90,000 was interrupted on Monday (22) after BTC reached US$ 90,168; since then, the coin has been oscillating.
On Wednesday, Bitcoin reached US$ 89.1K, but failed to sustain the advance. Throughout the week, BTC fluctuated until reaching the current price of US$ 87,500 this Saturday afternoon (27), meaning the main cryptocurrency only achieved a partial recovery.
Christmas Eve and Christmas Day passed with low volatility, but on Friday, BTC resumed a rally. However, this time, it did not even reach US$ 90,000, being rejected again and falling to US$ 86,500 in less than an hour.
In the broader market, most altcoins followed BTC’s movement. Ethereum retreated to around US$ 2,900, maintaining a stable price on Saturday, while XRP fell to US$ 1.85 after a 4% loss in the last seven days.
In contrast, Zcash (ZEC), Midnight (NIGHT), and Canton (CC) stood out with strong gains of 15%, 13%, and 12% respectively, helping to keep the total crypto market capitalization above US$ 3 trillion.