Stellar (XLM) Up 33% Daily, Bitcoin (BTC) Holds $90,000 (Market Watch)

Bitcoin price fell below $90,000 overnight, but managed to bounce back and regain that coveted level.

Several larger-cap altcoins have posted impressive gains over the past day, including SOL and XRP, while DOGE and SHIB are on the edge.

BTC claims $90,000

The trading week started on a very positive note for the major cryptocurrency as it moved from $80,000 to $85,000 on Monday and up to $88,000 on Tuesday. After a brief correction, the asset returned to the offensive on Wednesday and soared to a high of nearly $94,000.

This meant that bitcoin had added more than $25,000 in value since the US election. By this time, however, reports began to emerge that it had reached its local peak. In the next few days, BTC started to pull back and dropped to $87,000 on Friday morning.

However, the cryptocurrency halted its price declines and began to regain traction in the following days. As such, it jumped above $91,000 on Saturday, but stalled at $91,500. It fell below $90,000 overnight, but has clawed back some of the losses and is now above that line.

That means its market cap has dropped to less than $1.8 trillion, and its hold on the highs has taken a hit, dropping to 56.2% on CG.

Bitcoin/Price/Chart 11/17/2024. Source: TradingView XLM Explodes

Many altcoins have outperformed BTC in the last day, which is seen by the decline in bitcoin’s dominance. Ripple is the most notable example of the top 10 alternatives, having risen 11% on a daily basis and above $1. SOL, TON and AVAX are the other impressive benefits of the group.

In contrast, Dogecoin and Shiba Inu have retreated by 5% and 4%, respectively. The biggest gains in the top 100 came from Mantra (42%), Stellar (33%), Quant (29%), BONK (25%), ETC (15%), ATOM (15%) and others.

The total crypto market capitalization has remained essentially where it was yesterday at just under $3.2 trillion in CG.

Cryptocurrency Market Overview. Source: QuantifyCrypto SPECIAL OFFER (Sponsored) Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive an exclusive welcome offer of $600 to Binance (full details).

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