Ripple’s XRP Rejected at $2.40, Bitcoin (BTC) Volatility Roars Back: Market Watch
Bitcoin’s price actions became significantly more volatile yesterday when the asset neared $95,000 only to be rejected and driven south by several grand before staging a comeback.
Several altcoins have posted some gains over the past day, including ETH, which has risen to $3,250, and BNB, which has tapped $920.
BTC Goes Up and Down and Up
The start of the year brought some gains for the bulls as the primary cryptocurrency quickly erased some of the late December 2025 losses and reclaimed the $90,000 level on Friday. It reaffirmed its position above that line during the weekend, as even the attacks from the United States against Venezuela couldn’t shake it up for long.
The business week began with another rally that pushed bitcoin to $93,000 by late Monday. Hours later, the cryptocurrency tapped a multi-week peak of almost $95,000 as the bulls seemed in complete control.
However, that changed throughout the trading day, and BTC slumped below $91,500 at one point after another rejection at $94,500. More volatility ensued, with bitcoin jumping to $93,800, where it was stopped and now sits just inches below $93,000.
Its market capitalization, though, has returned to $1.850 trillion. Its dominance over the altcoins has declined by over 1% in the past few weeks to 56.5% on CG.
BTCUSD Jan 7. Source: TradingView
XRP Rejected, RAIN Pumps
Ripple’s cross-border token was among the top performers yesterday, having surged by double digits to a multi-month peak at just over $2.40 at one point. However, it was also stopped there and slipped to $2.20 before it found some relief at $2.28 as of now. ZEC, XLM, and SIU are also slightly in the red from the other larger-cap alts.
In contrast, ETH has jumped to $2,500 after a 1% daily increase, while BNB is close to $920. SOL has tapped $140, while XMR is above $455. RAIN and M have marked the biggest gains over the past 24 hours.
The total crypto market cap has lost around $25 billion since this time yesterday and is down to $3.275 trillion on CG.
Cryptocurrency Market Overview January 7. Source: QuantifyCrypto
The post Ripple’s XRP Rejected at $2.40, Bitcoin (BTC) Volatility Roars Back: Market Watch appeared first on CryptoPotato.
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