Bitcoin’s price reached 99,800 USD, but it met resistance, falling back to 99,000 USD. The week set off with BTC at a monthly low of 91,300 USD, gradually fluctuating between 93,000 USD and 97,000 USD before eventually surging.
Recent ETF inflows have significantly contributed to Bitcoin’s rise in value. Despite a weekend dip in trading volumes, BTC managed to sustain around the 99,000 USD mark by leveraging these inflows.
While most altcoins displayed lackluster activity, Avalanche (AVAX) emerged as a top performer, with gains nearly reaching 5%. This Movement, along with others, lifted the total cryptocurrency market cap to 3,680 trillion USD.