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Bitcoin holding above $80,000 with altcoins and Coinbase rebounding in a financial chart illustration.
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Bitcoin holds above 80,000 as altcoins and Coinbase rebound

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Bitcoin stayed above 80,000 dollars on Friday while altcoins led gains across crypto markets. Coinbase shares recovered 10 percent from session lows after the exchange reported a quarterly loss.

Bitcoin traded around $72,700 on Thursday, maintaining gains above $70,000 but pausing its recent breakout without pushing toward $80,000. Ether also saw modest increases of less than 1%, as investors assessed macroeconomic risks and derivatives activity. Broader market indices for major cryptocurrencies rose about 3%, while sectors like DeFi showed little movement.

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The cryptocurrency market has staged a broad rally after days of selling pressure, with bitcoin reclaiming levels around $65,000 to $66,000. Ethereum and XRP also advanced, pushing toward $1,900 and $1.40 respectively, amid signs of technical recovery. Analysts caution that the bounce may lack fundamental drivers and face resistance ahead.

The cryptocurrency market has entered a consolidation phase, with bitcoin holding steady near $87,000 while ethereum remains below $3,000. Some altcoins experienced gains, but others declined, leading to a slight dip in the global market capitalization. Experts foresee a bullish yet stable week ahead for the sector.

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Bitcoin and major altcoins rebounded on Sunday after hitting extreme oversold territory on the relative strength index, signaling seller exhaustion. Over $206 million in liquidations eased selling pressure, while thin weekend liquidity drew dip-buyers back. XRP jumped 7.7% and ZEC surged 14.1%, leading gains in a fragile market.

The cryptocurrency market experienced volatility this week, with Bitcoin dropping below $110,000 and altcoins testing support levels. Tokens like Bittensor and Ethena led gains, while Artificial Superintelligence Alliance and Zcash saw significant declines. Capital rotated into high-utility assets amid broader market pressure.

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Bitcoin's price dropped to around $105,000, its lowest in months, sparking widespread liquidations across the cryptocurrency market. Over 290,000 traders saw their positions closed, resulting in more than $1 billion in losses in a single day, according to CoinGlass data. The sell-off affected major assets like Ethereum and Binance Coin, though smaller projects like Tapzi continued to attract investor interest.

 

 

 

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