The price of Bitcoin has stabilized after days of volatility related to the developments of tension between the United States and the European Union. Currently, the price of the currency is still trading below $90,000.
In contrast, several alternative currencies recorded significant gains over the past 24 hours, most notably the digital currency Hyperliquid (HYPE), which rose by about 11% after a week of decline.
Bitcoin was trading above $95,000 at the end of last week, before pressure increased with the escalation of the dispute over 'Greenland' and the threat of tariffs, leading to its decline with the opening of Asian markets and futures at the beginning of the week.
The price of Bitcoin dropped to 92,000 then lost support at 90,000 and retreated to a low near $87,200 on Wednesday.
After statements at the 'Davos' summit indicating a lack of use of force, the price quickly moved above $90,000 then returned to fluctuate between $88,000 and $90,000.
Ultimately, the price of Bitcoin failed to break through $91,000 on Friday and settled again below $90,000, with a market cap of less than $1.8 trillion and a dominance of about 57.5%.
In the altcoin market, the price of Ethereum remains below $3,000 despite a slight increase, while XRP stayed under $2.00 and BNB below $900.
Gains were particularly evident in XMR, CC, and WLFI.
As for HYPE, it was the best performer today, rising to about $23, although it is still down more than 7% weekly.
The RIVER coin recorded a daily jump of about 32% to enter the list of the top 100 coins, while MYX rose by about 12%.
Overall, the market capitalization of the crypto market has maintained a level of $3.1 trillion with cautious stability before any new developments.
