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The days off have given an impulse: BTC is moving above 92K, and altcoins are ahead of the leaders
At the end of the week, the cryptocurrency market shows positive dynamics. Bitcoin surpasses the 92.24K mark with a 1.73% increase over the past 24 hours, while Ethereum gained 0.75%. Interestingly, alternative assets are showing more aggressive growth: Dogecoin is leading with a 2.28% increase, Solana rose by 1.67%, and XRP added 1.12% — all significantly outpacing the “giant” during this period.
According to analysts, Bitcoin is in a consolidation phase, staying within the range of 86.5K to 90K. Glassnode data indicate an interesting situation: the price has approached the on-chain average value, but still remains below the entry point for recent investors. This may signal that the market is saturated with short-term positions ready to take profits as the price rises.
Cryptocurrency capitalization continues to expand and has reached the level of 3.06 trillion dollars, reflecting a daily growth of 0.8%. Meanwhile, the circulating market cap of Bitcoin is an impressive 1.84 trillion dollars, confirming its dominance in the market.
Weekends are often characterized by reduced trading volumes, which may explain the behavior of altcoins: in a thin market, even small purchases can create a significant price spike. This poses a risk to the stability of this movement when the market reactivates at the beginning of the week.