Bitcoin continues its upward trend, reaching a multi-week peak of $99,000 despite minor setbacks.
BTC Came Close to $100K
The beginning of the previous business week was challenging for BTC as it slumped to a monthly low of $91,300. The asset continued its volatility, reaching over $96,000 on New Year’s Eve only to fall below $93,000. By January 2, BTC was pushed up to over $97,000. On Friday, it rose to $99,000 amid increasing ETF inflows. Monday marked a favorable start with a peak of $99,800 before encountering enhanced resistance. Currently, Bitcoin stands at around $99,000 with a market cap above $1.960 trillion and a dominance of 53.4%.
AVAX on the Rise
While most larger-cap altcoins remained relatively stable, Avalanche emerged as a top performer. AVAX has risen by nearly 5% and now sits at approximately $44. Other notable gainers include RNDR, FET, and FIL, each rising by about 6-7%.
Crypto Market Overview
The total crypto market cap increased by around $30 billion overnight, reaching $3.680 trillion.
As Bitcoin approaches the significant $100,000 level, AVAX and other altcoins show substantial growth, contributing to the overall increase in the crypto market cap.
