Market Momentum Shifts: Bitcoin and Cryptocurrency Prices Experience Unprecedented Move

PEPE Price Jumps 6% Daily, Bitcoin Recovers to $94K After Monthly Low

In a surprising turn of events, the cryptocurrency market has seen a sudden shift in momentum. Bitcoin, which had been struggling and hit its lowest point in over a month at $91,300, has managed to recover and now sits above $94,000.

The price jump is significant, especially considering the asset’s recent downturn. Just two weeks ago, Bitcoin was trading at an astonishing $108,000, following President Trump’s landslide victory in the US presidential elections. However, the Fed’s hawkish words for 2025 led to a reversal of fortunes, and the digital currency dropped sharply.

Despite this downturn, the bulls have managed to regain control, pushing the asset up to its current value above $94,000. This move has seen Bitcoin’s market capitalization stall at $1.86 trillion, while its dominance over the altcoins has increased to 54.3% on CG.

Notably, other larger-cap alts are struggling, with Ethereum (ETH) losing its footing below $3,300 and Ripple (XRP) failing to gain traction above $2.10. The value of DOGE, ADA, TRX, AVAX, and TON has also decreased by 1-2% in the past 24 hours. Meanwhile, Chainlink’s native token is continuing its downward trajectory with a further 3% decline.

In stark contrast to this market-wide downturn, PEPE has defied expectations with a remarkable 6% surge to $0.00002, becoming one of the top performers from the largest 50 altcoins.

Source: cryptopotato.com