M and ZEC are in one corner, QNT and KAS in the other.
Most larger cap alts are also slightly in the red on a daily basis as ETH has fallen to $3,100 while XRP is at a crucial support level at $2.00.
Will BTC lose the $90,000 support?
The primary cryptocurrency started the business week with high expectations of a substantial price rebound following Wednesday’s FOMC meeting. Indeed, a day before the US Fed met for the last time in 2025, assets went on the run, exploding by several thousand dollars to just over $94,500.
Yields fell after this multi-week spike, but challenged them again on Wednesday after the Federal Reserve cut rates by 25 basis points. However, this was another fakeout, as Bitcoin soon lost all its momentum and fell below $89,500. It rose to $93,600 on Thursday afternoon but was rejected again on Friday, falling below $90,000.
The bull managed to defend that level on Saturday and helped BTC climb to $90,500. However, the bears have been more persistent so far on Sunday as the cryptocurrency sits just below that coveted support.
CG’s market cap has fallen below $1.8 trillion, while its altcoin dominance stands at almost 57%.
Red and Green
Most larger cap alts are quite slow on a daily scale, so we will focus on their weekly performance. The chart shows that although ETH is down 1% over the past day, it is actually up 2% weekly to $3,100. XRP has lost around 1% within the same time frame and is now struggling to stay above $2.00. TRX is down 3%, while HBAR is down 8%.
In contrast, ZEC has exploded 25% even though it has lost 5% in value since Saturday. MNT is up 18% to $1.27, CC is up 14%, while XMR is up 9%. M has outperformed the rest with a weekly gain of 40%, while QNT and KAS are down 11% each.
The total crypto market cap has lost another $20 billion daily, falling to $3.150 trillion on CG.
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