Bitcoin’s price tapped a 6-day peak earlier today when it jumped past $92,500 briefly before it slipped back down to $92,000.
Most larger-cap altcoins have marked minor gains over the past day, with ETH reclaiming $3,100 and BNB tapping $910. XMR has stolen the show once again, surging to yet another all-time high.
At a Glance
- Bitcoin touched $92,500 for the first time in six days
- Monero (XMR) hit a new record high of $686, up 17% in 24h and 50% weekly
- Total crypto market cap added $40 billion, reaching $3.220 trillion
- Bitcoin dominance rose to 57.1% after dipping to 56.6%
Why it matters: The combined rally shows renewed investor appetite across both major and privacy-focused cryptocurrencies.
BTC Aims at $92K
The primary cryptocurrency began the previous business week with a strong rally that built on the weekend gains. At the time, BTC had already reclaimed the $90,000 level and surged to a multi-week high of almost $95,000 on Tuesday morning.
However, the bears finally stepped up at this point and bitcoin found itself dumping below $89,500 by Thursday.
After losing over five grand in the span of just 48 hours, BTC rebounded and spent the weekend trading sideways around $90,500 after it was rejected at $92,000 on Friday.
On Monday, bitcoin went on the offensive once again. It challenged $92,000 on a couple of occasions on Monday and Tuesday, but it was stopped both times. The asset is at it again now as it tapped $92,500 earlier today. It now trades at $92,000 as its market capitalization has climbed to $1.840 trillion.
Its dominance over the altcoins is also on the rise, surging to 57.1% on CoinGecko after dipping to 56.6% a few days ago.
XMR Keeps Surging
The past few days have belonged to Monero (XMR), which has now become the largest privacy token after surpassing ZEC. XMR has skyrocketed by 17% daily and by 50% weekly. It charted yet another all-time high earlier today at $686.
MYX and IP have surged by double digits as well, followed by NEAR, AAVE, CC, and ICP. In contrast, BCH and LTC are slightly in the red.
The larger-cap alts are a lot less volatile, with minor gains from ETH, BNB, XRP, SOL, DOGE, and TRX.
The total crypto market cap has added $40 billion daily and is up to $3.220 trillion on CG.
Key Takeaways
- Bitcoin regained momentum after a mid-week dip, reclaiming the $92K zone
- Monero’s privacy-centric rally outpaced most major altcoins
- Broader market saw modest green across top tokens, pushing total cap past $3.2T
- Bitcoin’s dominance ticked higher, signaling relative strength versus alts
