Bitcoin continues its lackluster weekend performance, retreating from the $116,000 level it tested yesterday. The cryptocurrency is now trading between $115,000 and $116,000, with its market capitalization stalled at $2.3 trillion and dominance over altcoins holding near 56%.
The primary cryptocurrency began the week with a surge from under $115,000 to nearly $117,000, but faced immediate rejection that drove prices down by over $2,500. Volatility intensified ahead of Wednesday’s Federal Reserve meeting, where the central bank cut interest rates by 25 basis points. Bitcoin jumped past $117,000 before the announcement, dropped below $115,000, then recovered to $116,000. Following the rate cut, the asset initially remained sluggish but surged to $118,000 during early Thursday trading hours, marking a multi-week high. However, this momentum proved short-lived as Bitcoin gradually declined to $115,200 on Friday.
BNB has emerged as the standout performer among large-cap altcoins, repeatedly setting new all-time highs after breaking above $1,000. The token surged approximately 10% in the past 24 hours, reaching a fresh peak of $1,080 before retracing slightly. Despite the pullback, BNB remains the top performer among major altcoins.
Most other large-cap altcoins showed minimal movement, with Ethereum, XRP, Solana, Dogecoin, Cardano, Tron, Chainlink, Avalanche, and Sui posting no significant gains.
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