Monero (XMR) Drops Significantly, While Bitcoin (BTC) Stabilizes at $109K (Market Update)
The price increase of Bitcoin faced resistance just below the $111,000 mark yesterday, leading to a decrease and stabilization around $109,000.
A notable steadiness is observed in the majority of altcoins, with the exception of SUI, which saw a 6% increase, and XMR, which experienced a significant drop.
BTC Stabilizes at $109K
Last week, Bitcoin gave a hint of its bullish phase when it surpassed the $109,000 barrier (the previous all-time high from January 2025) and reached a new high of nearly $110,000. This peak was achieved last Wednesday, marking just one of several records accomplished that week.
Following a sharp but brief decline, BTC resumed its upward momentum, soaring close to $112,000 on Thursday—celebrated as Bitcoin Pizza Day—thus setting a new high.
It maintained proximity to that peak until Friday when US President Trump proposed new tariffs targeting the EU, which triggered an immediate and steep decline in BTC’s value, dropping over $3,000 within minutes.
Despite this setback, bullish traders stepped in to halt any further decline. Instead, Bitcoin began to rise again after a quiet weekend, reaching $110,500 on Monday. It then fell back to $107,500 before attempting to hit $111,000 yesterday.
However, it fell short of that target and is currently positioned at $109,000. Its market valuation has slightly decreased to $2.165 trillion, with its market dominance hovering just under 61%.
XMR Experiences Decline
XMR and QNT are the most fluctuating cryptocurrencies among the top 100 today, albeit in contrasting directions; Monero has declined by almost 12%, falling below $350, while QNT has increased by 11%, nearing $120.
SUI is another significant performer, witnessing a 6% rise and trading above $3.7, backed by positive developments concerning the Cetus hack.
On the other hand, several larger altcoins, such as SOL, DOGE, ADA, XRP, TRX, HYPE, and SHIB, are slightly down. ETH and BNB have shown minimal gains.
The overall cryptocurrency market capitalization has remained relatively unchanged from yesterday, lingering around $3.560 trillion.
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