Bitcoin Price Drops to $91,000, PEPE Down 7% Daily (Market Watch)

Bitcoin’s price target was $92,000, but it didn’t work so far as the bears have managed to defend this level.

Many altcoins are in retreat today, with XRP ADA and PEPE falling hard. Instead, HBAR outperformed the rest of the top 50 alternatives.

BTC is holding above $91,000

The rally induced by Trump’s victory culminated last Wednesday when the major cryptocurrency approached $94,000 to mark a new all-time high. Reports then began to emerge indicating that the asset had hit a local high and that it might take a while longer to resume its bullish run and challenge $100,000.

The next week or so has been pretty hectic. BTC dipped below $87,000 on a couple of occasions at the end of the work week, but bounced back and stalled around $90,000 over the weekend.

Sunday evening and Monday began with more impressive gains as bitcoin took advantage of $92,000. However, the bears intercepted the move and did not allow any further gains despite continued massive BTC purchases from MicroStrategy.

As of now, the cryptocurrency is trading in a range of $91,000 to $92,000. Its market cap remains above $1.8 trillion in CG and its dominance over altcoins is close to 56.5%.

Bitcoin/Price/Chart 11/19/24. Source: TradingView DOGE regains some ground

Most of the larger cap alternatives are in the red today. ETH, SOL, BNB, SHIB, BCH and SUI have minor losses, while XRP, ADA, AVAX and WIF are down as much as 6.5%.

PEPE has lost more value in the last day, with a 7.5% drop. As a result, the third largest meme coin is now struggling to maintain $0.00002.

In contrast, the largest in the meme token sphere is up almost 3% and is approaching $0.39. XTZ is back in the top 100 highs after a 36% daily increase that pushed its price above $1.1. HBAR is the other notable gainer over the past day, having surged 27% to $0.14.

The total crypto market capitalization has decreased slightly since yesterday, but is still above $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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