Bitcoin Trading Volumes Decline

Bitcoin’s trading volumes continue to decrease over the weekend, showing little price movement in the last day.

The altcoins have rebounded slightly from Saturday’s correction, with ETH surpassing $3,400 and DOGE targeting $0.33.

BTC Stalls at $95K

Last week’s correction wiped out many of BTC’s December gains, dropping to $92,000 on December 21. It attempted to bounce back towards $100,000 on December 22 and 26, but was met with strong rejection, resulting in a drop to $93,000.

After defending that level, BTC rose to $94,000 and is currently at $95,000. This stagnation is not entirely unexpected due to declining trading volumes, which may prove beneficial if whales continue making significant purchases.

Currently, BTC’s market cap remains below $1.9 trillion, with its dominance over altcoins reduced to 54%.

SOL, SUI Recover

Most altcoins faced setbacks yesterday but have seen minor recoveries in the past 24 hours. ETH has climbed above $3,400, XRP is nearing $2.2, and BNB rose 2.5% to $718.

Dogecoin gained over 3%, nearing $0.33, with SOL and SUI rising by 5-6% to trade above $195 and $4.25, respectively.

Notable gainers include HBAR, DOT, AAVE, APT, ICP, and PEPE.

The total crypto market cap has increased by approximately $50 billion since yesterday, approaching $3.5 trillion.