Ethereum Reclaims $2K Level, Bitcoin Recovery Stopped at $72K: Weekend Watch

Meanwhile, XRP and SOL are among the top performers today, with notable gains after the last market crash.

Most altcoins are well in the green on a daily scale, but the weekly charts are still painful. Nevertheless, many have bounced back from the multi-year lows they recorded yesterday.

BTC stopped at $72K

There is no valid way to disguise what happened in the crypto markets last week. Last Saturday, the primary digital asset fell from $84,000 to less than $76,000, on what is usually a very quiet day. While that was a painful crash in itself, it did not mean the end of BTC’s struggle.

The asset fell again below $74,000 at the start of the business week, but the real disaster occurred on Thursday and culminated on Friday morning.

At the time, BTC plummeted by about $17,000 from $77,000 to $60,000 in just over 24 hours, becoming the lowest price tag since before the US elections in late 2024. After liquidating thousands of traders for billions of dollars, the southward move was finally exhausted and Bitcoin actually went on the attack on Friday evening.

The peak was almost $72,000, which was reached a few times, but BTC could not break through. Rather, it was stopped and driven south to $68,000, where it currently stands.

The market cap has fallen to $1.360 trillion on CG, while the dominance on the alts has fallen to 56.6%.

Alts try to rebound

Ethereum was among the worst performers during the overall crash, falling from over $3,000 to under $2,700 in just over a week. It has since risen to $2,010 at the time of writing. SOL, BCH, XMR are also well in the green, followed by XRP, TRX, DOGE and ADA.

In contrast, the recent high-flyer HYPE has fallen almost 5% daily and is now below $33. PUMP and WLFI are also in the red against the larger caps.

The total crypto market cap has recovered by more than $100 billion since Friday morning’s multi-year low, rising to $2.4 trillion on CG.