One thousand dollars
A week after Bitcoin traded below the $90,000 level, which caused sharp losses especially after the price fell below $81,000.
After that, the price of Bitcoin witnessed a strong recovery that brought the currency close to the $92,000 level, recording its highest level during the week.
This rise also gave her an additional boost in her dominance in the market, amid the inability of most alternative cryptocurrencies to keep up with her gains over the past hours.
Last week, the price of Bitcoin witnessed a phase of severe correction in November, as sellers completely dominated the market, and the price fell to its lowest level in nearly seven months, losing more than $25,000 in just ten days.
However, buyers managed to prevent an additional drop below $80,000, allowing the currency to gradually recover to $84,000 over the weekend, before continuing its rise as the new week began.
Despite repeated attempts to break through the $88,000 and $89,000 levels, the actual breakout occurred last night when Bitcoin surpassed the $90,000 barrier, continuing its rise on Thursday, approaching $92,000.
Its market value rose to $1.83 trillion on the CG platform, and its market dominance increased to over 57% after having dropped to below 56.5% a few days ago.
In terms of alternative currencies, the upward trend also prevails, but only for a limited number that have actually managed to record gains that outperformed Bitcoin.
The price of Ethereum rose by more than 4%, surpassing the $3,000 barrier, while XRP returned to $2.20.
BNB, SOL, HYPE, LINK, and ADA also achieved daily gains ranging between 3% and 4%.
AVAX and MNT were among the best-performing currencies within the large market cap categories, each rising by more than 6.5%.
KAS also jumped by 21%, followed by FLR with about 11% and SKY with 10%.
Overall, the market capitalization of cryptocurrencies added more than $130 billion in 24 hours, recovering to $3.2 trillion according to CG data.
