The cryptocurrency market continues to show weak activity over the weekend, with focus on Bitcoin's stability and the recovery of several altcoins.
Bitcoin Situation
Bitcoin's trading volumes continue to decline as its price remains around $95,000. Recent attempts to rise above $100,000 have met with significant resistance, leading to a return to current levels. Low activity could be beneficial for major investors.
Altcoins Recover
After Saturday's drop, altcoins began to recover. Ethereum rose above $3,400, while Dogecoin stands at $0.33. SOL and SUI saw 5-6% gains, bringing SOL above $195 and SUI over $4.25. Other notable gainers include HBAR, DOT, AAVE, APT, ICP, and PEPE.
Market Overview
The total cryptocurrency market cap increased by $50 billion and is now nearly $3.5 trillion. Bitcoin maintains dominance, accounting for 54% of the total market.
Bitcoin's stability and altcoins' recovery amid low trading volumes indicate a calm cryptocurrency market over the weekend. Investors continue to watch for changes and anticipate more significant price movements.
