Cryptocurrency Price Today: Bitcoin Trading Near $100K, Altcoins See Mixed Reaction

Bitcoin Gold continued its steady rise on Monday, trading just below the $100,000 level. This key level has been a challenge for Bitcoin to overcome over the past two weeks, leaving traders focused on its next move.

At 10:50 AM EST, Bitcoin was trading at $99,487, up 1.2%, with an intraday high of $99,560. Meanwhile, Ethereum It rose 1%, trading at $3,671.

Another major one Alternative currencies Showed mixed performance. Solana, Dogecoin, Sui, Hedera, and Tron fell as much as 1%, while XRP, Cardano, Avalanche, Chainlink, and Polkadot traded higher. Global Cryptocurrency market capitalization By 0.53%, reaching $3.52 trillion.

“Bitcoin is trading near $99,000, maintaining its bullish momentum. For Bitcoin to cross the $100,000 mark, it must overcome resistance “It is priced at $99,400, while the support is $96,000,” said Idul Patel, CEO of Mudrex.“Bitcoin is heading towards $100,000 after a week of strong consolidation. A short squeeze above $101,000 this week is likely to bring back bullish momentum,” said Vikram Subburaj, CEO of Giottus.

“Altcoins have outperformed Bitcoin on a seven-day basis with Cardano, Avalanche, Swee and Stellar leading the way. If Bitcoin has $100,000, altcoins will likely rise further,” Soburaj added.Read also: Understanding Bitcoin’s role in modern investment portfolios

The volume of all stablecoins now stands at $80.38 billion, 89.05% of the total Crypto market 24-hour trading volume, according to data available on CoinMarketCap.

In the past 24 hours, the market value of Bitcoin, the world’s largest cryptocurrency, rose to $1.972 trillion. Bitcoin dominance currently stands at 55.74%, according to CoinMarketCap. Bitcoin volume in the past 24 hours increased by 26.8% to $25.86 billion.

Read also: What’s next for Bitcoin in 2025? Expert forecasts and insights

“Bitcoin’s continued rally could push altcoins like Solana (SOL), SUI, ICP, and ENA higher. With Bitcoin approaching $100,000, demand remains strong, as evidenced by ETF inflows and lower selling pressure. If it exceeds If Bitcoin is resistant, it could target $108,353 or more,” said Sathvik Vishwanath, co-founder and CEO of Unocoin.

(Disclaimer: The recommendations, suggestions, views and opinions provided by experts are their own. These do not represent the views of the Economic Times.)