Bitcoin gave back part of this week’s rally, yet it continued to trade above $95,000. Earlier in the week, BTC climbed quickly from $90,000 to $92,000 on Monday. After clearing that level on Tuesday, the move accelerated, and the asset reached $98,000 by Wednesday night, its highest point in recent months.
The report says Bitcoin added about $8,000 in just a few days, taking its gain since the start of the year to roughly $10,000. That sharp rise was followed by selling on Thursday and Friday. The heaviest pressure came after reports said Donald Trump would not nominate Kevin Hassett as Chair of the Federal Reserve, briefly pushing BTC below $94,500. Buyers then stepped in, helping the price recover and hold above $95,000.
Bitcoin market cap stays near $1.9 trillion
Bitcoin’s market capitalization was described as stable at around $1.9 trillion, while its share of the total crypto market stood at 57.4%. The same report noted that total cryptocurrency market capitalization remained above $3.3 trillion.
Price action suggests the market has cooled after the midweek push, but not broken down. BTC is still trading around a closely watched level, and that has kept attention on whether buyers can maintain support there.
Altcoins stay quiet while XMR sees a steep retracement
Across the past 24 hours, the altcoin market was mostly subdued. Ethereum hovered near $3,300, and XRP held its $2.05 support level. BNB, TRX, and Solana posted limited gains. DOGE, BCH, LINK, and ZEC were slightly lower.
Monero (XMR) was the clear laggard. The privacy coin had surged to nearly $800 last week, coming close to its all-time high, but heavy selling later pulled it down to $620. Its 24-hour loss reached 12%. Internet Computer (ICP) also weakened sharply, falling 9% over the same period.
Spot Bitcoin ETF inflows remain a market support point
The article also pointed to recent reports of rising institutional participation in spot Bitcoin ETFs as a supportive factor for the market over the medium term. At the same time, flat trading across many altcoins and sharp corrections in selected tokens showed that risk appetite remained restrained.
For now, the market setup is uneven: Bitcoin is holding a major price zone, while altcoins are showing little broad momentum.