The Bitcoin currency experienced relatively stable price movement over the weekend, remaining close to the $91,000 level after recovering more than $10,000 since reaching its lowest levels in several months last Friday.
In contrast, some major alternative currencies such as HYPE, AVAX, and ZEC have significantly declined in the past hours.
The past few days have been tough for the price of Bitcoin, as it dropped below $81,000 for the first time since April, losing more than $25,000 in just ten days.
However, buyers strongly defended the $80,000 level, paving the way for a gradual recovery phase.
The price initially rose to $84,000 by the end of last week, then the currency continued to rise to about $88,000 by Wednesday.
Despite the resistance faced at this level, Bitcoin managed to surpass this level and jumped above the $90,000 barrier by the end of the week, recording a weekly peak exceeding $93,000 on Friday morning.
However, the increase did not last long, as the currency returned to a range between $90,000 and $91,000, where it stabilized for nearly 36 hours.
The market capitalization of Bitcoin rose to about $1.82 trillion, while its dominance in the market exceeded 57%.
In terms of weekly performance for alternative currencies, several coins showed significant improvement, with ETH and XRP achieving increases of over 7% to reach $3,000 and $2.20 respectively.
SOL and HYPE also recorded good growth over the week despite the recent decline in HYPE.
Currencies like XMR, XLM, AVAX, SUI, SHIB, CC, and AAVE experienced positive weekly results.
In contrast, ZEC defied the upward trend, as its price dropped by more than 21% over the week to settle below $450.
The total market capitalization of cryptocurrencies has grown by about $300 billion since last Friday's declines, currently approaching $3.2 trillion, indicating continued recovery attempts in the market as a whole.
