Bitcoin Price Stagnates at $94,000, Ethereum Struggles to Hold $3,200 (Weekend Watch)

bitcoin's volatile end to the week resulted in a price drop towards $91,000 and a subsequent rise to $96,000 before the asset calmed down roughly in the middle.

Altcoins continue to struggle as SOL, ADA, and AVAX posted daily drops of 4%.

btc calms down to $94K

It was nothing short of a volatile rollercoaster of a week for the leading cryptocurrency. It all started quite promising after MicroStrategy's most recent purchase on Monday, as the asset surpassed $100,000 for the first time this year and continued to rise on Tuesday morning to surpass $102,000.

However, that was when the picture changed, and btc crashed hard later in the day, falling to $96,000 on Wednesday. Although a painful correction in itself, bitcoin continued to fall in the following days to $91,200 (on Bitstamp) on Thursday, which became its lowest price in over a month.

The bulls managed to intervene at this point and pushed btc north. Increased volatility ensued with several major moves eventually taking the asset to $96,000. However, it failed there and has lost almost two thousand dollars since then to trade at $94,000 as of now.

Its market cap has risen to just under $1.87 trillion in CG, while its dominance over alts is up to 54.5%.

Fight between ADA and SOL

Most altcoins are also in the red today. ethereum fell below $3,200 on Thursday, and while it managed to regain some ground from that low, it is now close to breaking below it after a 2.3% daily drop. XRP is among the few alternatives with lower earnings today.

On the contrary, SOL, ADA, SUI, AVAX and LINK continue to lose value, with losses of up to 4%. SOL is well below $190 now, while ADA is just over $0.9. The most painful losses come from OM, ICP and RNDR of the largest cap alternatives.

The total cryptocurrency market capitalization has lost some steam since yesterday and is down to $3.43 trillion in CG.

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