Bitcoin prices posted significant gains over the weekend, hitting a new all-time high of $106,500, before falling by around two thousand dollars.
Most altcoins performed poorly on a daily basis, with the exception of LINK, SUI, and AAVE, which all posted impressive gains.
After two price declines early in the previous trading week that sent BTC down to $94,400, the cryptocurrency recovered and surged to around $100,000 on Thursday.
After some volatility at that level, the asset managed to break above that mark on Friday and has remained stable ever since. It hovered around $102,000 throughout the weekend, and after several failed attempts to rally higher, it finally managed to rally in the Asian morning trading session.
This was likely driven by positive comments from Donald Trump and the increase in the number of “whale” wallets, BTC surged to a new all-time high of $106,500 (on Bitstamp). However, it has lost some momentum and is now around two thousand dollars lower.
Bitcoin’s market cap is now at $2.070 trillion on CoinGecko, while altcoin dominance is approaching 54%.
Most large-cap altcoins have either posted small gains or insignificant losses in the past 24 hours. ETH posted a slight gain, trading above $3,900, while XRP, SOL, BNB, DOGE, ADA, TRX, and AVAX are each down around 1-2%.
On the other hand, LINK and AAVE emerged as among the leaders with gains of 4% and 5% respectively. SUI surged over 6%, surpassing $4.7. In fact, it hit a new all-time high a few hours ago at over $4.9, according to CoinGecko data.
The total crypto market capitalization has increased by around $80 billion since yesterday and now stands at $3.850 trillion on CoinGecko.
