ZEC Charts Another Double-Digit Rise as BTC Defends the $88,000 Level: Weekend Watch

CC and UNI are also substantial winners.

Most altcoins have turned green today. Ethereum has almost reached $3,000, while XRP has risen above the crucial $1.90 support. More profits are visible at companies such as ZEC, HYPE, CRO, UNI and CC.

BTC Defends Support at $88,000

After the two consecutive rejections of $94,500 last week, Bitcoin’s price started to correct almost immediately, falling to $90,000 the weekend before. Although it remained there for almost 48 hours, the bears took control again on Monday. As a result, BTC fell below $85,500.

The bulls managed to stage a recovery on Tuesday and Bitcoin even took flight on Wednesday. It shot up to just over $90,000 within minutes, but crumbled just as quickly, falling below $85,500.

More volatility emerged on Thursday when US CPI data came in better than expected. The cryptocurrency peaked at $89,500, where it was rejected again and pushed to a multi-month low of $84,500.

Another recovery attempt came yesterday as BTC spiked again to $89,500, but to no avail. It is currently trading above $88,000, which is still down 2.5% on a weekly basis. The market cap remains above $1.750 trillion, while the altcoin dominance stands at 57.3%.

Alts in green

Ethereum fell below $2,900 earlier this week, but has quickly regained that level and is now close to $3,000 after a small daily increase. Similar gains are visible at BNB, SOL, BCH and LINK. XRP is up over 3.5% and is trading above $1.90. ADA and DOGE also added 3% in value.

ZEC is up again by double digits and is now above $450. HYPE is up 5%, CRO is up 7%, UNI is up 9.5%, and CC has shot up more than 12% to $0.09.

The cumulative market cap of all cryptocurrency assets added approximately $50 billion overnight, reaching $3.080 trillion on CG.