Bitcoin’s price dropped below $90,000 but managed to bounce back and reclaim that level. Several larger-cap altcoins, such as SOL and XRP, had impressive gains while DOGE and SHIB retraced. BTC’s price had reached a local peak after adding over $25,000 in value since the US elections and began to retrace, slipping to under $87,000 on Friday.
The price then stopped dropping and started regaining traction, rising to over $91,000 but was stopped at $91,500. It has since recovered and now sits above the $90,000 line. Many altcoins have outperformed BTC over the past day, causing bitcoin dominance to decline to 56.2% on CG. Ripple surged by 11% and rose above $1, while SOL, TON, and AVAX were other impressive gainers.
Dogecoin and Shiba Inu retraced by 5% and 4% respectively. The total crypto market cap remained at just under $3.2 trillion on CG.
