SAEDNEWS: Bitcoin rose to around $89,000 over a relatively quiet weekend but encountered significant resistance. Meanwhile, its market value neared $1.77 trillion, with BTC maintaining over 57% of the total market, while some altcoins saw notable gains.
According to Saed News University Service, in a relatively quiet weekend, Bitcoin rose to $89,000 today but faced strong resistance at this level. Meanwhile, BTC’s market value is approaching $1.77 trillion, with its market dominance remaining above 57%.
Last week, Bitcoin started with high volatility, dropping from $90,000 to below $86,000 before attempting to rebound to $88,000, only to fall again to $85,500.
The release of the U.S. Consumer Price Index (CPI) report on Thursday pushed BTC to $89,500, but renewed selling pressure limited further gains. Still, the cryptocurrency has managed to stabilize above $88,000.
In the altcoin market, most major cryptocurrencies remained quiet, but Uniswap (UNI) surged 10% to $6.30, and Midnight (NIGHT) jumped over 30% to $0.09. Canton (CC), Quant (QNT), and Internet Computer (ICP) also saw notable gains.
Overall, the total cryptocurrency market value increased by about $20 billion in the past 24 hours, nearing $3.1 trillion.
