XLM Rally Continues With 485% Monthly Rise, BTC Cools To $98,000 (Weekend Watch)

Bitcoin’s inability to break the coveted $100,000 mark on Friday and Saturday has resulted in a minor drop in price to $98,000 so far.

Several altcoins, including XRP and DOGE, have also plummeted in the last day, but others, including TON, DOT, and XLM, have posted double-digit gains.

BTC calms at $98,000

BTC traded around $90,000 at the start of the trading week, but quickly began to gain traction and exploded above the previous all-time high of $93,800 halfway through. This came amid impressive net growing inflows into domestic Bitcoin ETFs in the United States.

The cryptocurrency’s recovery continued in the following days and peaked on Friday. At the time, the asset was inches away from touching $100,000, but stopped at around $99,800 on most exchanges.

So it didn’t hit that line the first time, even though the community was anticipating and predicting it. Since then, BTC has lost some traction and is back around two grand to $98,000 now.

Still, that’s up 7.2% on the week, putting its market cap at $1.940 trillion at CG. Its dominance over the alts, however, has further declined to 55.5%, prompting speculation of a potential altcoin season.

Bitcoin/Price/Chart 24.11.2024. Source: TradingView XLM’s Show

Many larger-cap alternatives such as ADA, XRP, and DOGE posted notable gains yesterday, but have pulled back sharply today. ADA is down 3% to below $1.05, XRP is down over 6% to below $1.45 and DOGE is down 7.5% to 0.43 dollars

In contrast, TON and DOT have soared 11% and 17%, respectively, to $6.25 and $8.9. XLM, however, stole the show again, rising 29%. Stellar’s native token has added over 480% in the past month and is now trading above $0.56.

The total crypto market cap has lost about $50 billion since yesterday’s peak, but is still close to $3.5 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).

LIMITED OFFER for CryptoPotato readers on Bybit – Use this link to register and open a FREE $500 position with any currency!

Disclaimer: The information found on CryptoPotato is that of the quoted writers. It does not represent CryptoPotato’s views on whether to buy, sell or hold any investment. We recommend that you do your own research before making any investment decisions. Use the information provided at your own risk. See disclaimer for details.

TradingView Cryptocurrency Charts.