The second largest asset Bitcoin again failed to exceed the $120,000 level, while many altcoins are showing impressive gains.
Bitcoin Stalls at $120,000
Bitcoin peaked above $123,000 but then dropped over seven thousand dollars to fall below $116,000 last week. At this level, bulls managed to stop the decline, and BTC began to recover, rising to $121,000 by the end of the business week. However, it couldn't break through that level, and repeated attempts ended with a drop to around $117,000. After a quiet weekend, Bitcoin tried to approach $120,000 twice but was held below $119,000.
BNB Charts New ATH
In contrast to Bitcoin's struggles, BNB surged to a new all-time high of $800, representing a 300% gain from the October 2023 lows when it was valued at $200. Ethereum is nearing $3,700 again after a 2% daily increase, while XRP is defending the $3.45 mark.
Overall Cryptocurrency Market Grows
The total market capitalization of all cryptocurrencies has grown by over $40 billion in a day, reaching $4 trillion. Among altcoins, APT, ONDO, and TAO recorded more than a 7% daily increase, while the top performers were FLR and PENGU, which surged by more than 20% since yesterday.
Thus, while Bitcoin continues to face pressure at the $120,000 level, altcoins are showing strong results, indicating possible capital rotation in the market.
