M and ZEC are in one corner, QNT and KAS are in the other.
Bitcoin’s overall underwhelming price performance continued in the past 24 hours as the asset is close to breaking below $90,000 decisively.
Most larger-cap alts are also slightly in the red daily, as ETH is down to $3,100, while XRP sits at a pivotal support level at $2.00.
Will BTC Lose the $90K Support?
The primary cryptocurrency began the business week with high hopes of substantial price resurgance due to the FOMC meeting on Wednesday. A day before the US Fed met for the last time in 2025, the asset indeed went on the run and exploded by several grand to just over $94,500.
It slipped following this multi-week peak but challenged it again on Wednesday after the Federal Reserve cut the rates by 25 bps. However, this was another fakeout as bitcoin quickly lost all of the momentum and dumped below $89,500. It bounced to $93,600 on Thursday afternoon, only to be rejected again on Friday and dip below $90,000.
The bull managed to defend that level on Saturday, helping BTC climb to $90,500. However, the bears have been more persistent so far on Sunday as the cryptocurrency sits just under that coveted support.
Its market cap has dropped below $1.8 trillion on CG, while its dominance over the altcoins is close to 57%.
Red and Green
Most larger-cap alts are quite sluggish on a daily scale, so we will focus on their weekly performances. The chart reveals that although ETH has slipped by 1% in the past day, it’s actually 2% up weekly at $3,100. XRP has lost around 1% within the same timeframe and now struggles to remain above $2.00. TRX is down by 3%, while HBAR has plunged by 8%.
In contrast, ZEC has exploded by 25% even though it has lost 5% of value since Saturday. MNT is up by 18% to $1.27, CC has gained 14%, while XMR has jumped by 9%. M has outperformed the rest with a 40% weekly surge, while QNT and KAS are down by 11% each.
The total crypto market cap has lost another $20 billion daily and is down to $3.150 trillion on CG.
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