Bitcoin (BTC) Challenges $92K Again, Monero (XMR) Charts New ATH: Market Watch

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MYX and IP are also on the rise.

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Summarize with AI

Summarize with AI

Bitcoin’s price tapped a 6-day peak earlier today when it jumped past $92,500 briefly before it slipped back down to $92,000.

Most larger-cap altcoins have marked minor gains over the past day, with ETH reclaiming $3,100 and BNB tapping $910. XMR has stolen the show once again, surging to yet another all-time high.

BTC Aims at $92K

The primary cryptocurrency began the previous business week with a strong rally that built on the weekend gains. At the time, BTC had already reclaimed the $90,000 level and surged to a multi-week high of almost $95,000 on Tuesday morning. However, the bears finally stepped up at this point and bitcoin found itself dumping below $89,500 by Thursday.

After losing over five grand in the span of just 48 hours, BTC rebounded and spent the weekend trading sideways around $90,500 after it was rejected at $92,000 on Friday.

On Monday, bitcoin went on the offensive once again. It challenged $92,000 on a couple of occasions on Monday and Tuesday, but it was stopped both times. The asset is at it again now as it tapped $92,500 earlier today. It now trades at $92,000 as its market capitalization has climbed to $1.840 trillion.

Its dominance over the altcoins is also on the rise, surging to 57.1% on CoinGecko after dipping to 56.6% a few days ago.

BTCUSD Jan 13. Source: TradingView

XMR Keeps Surging

The past few days have belonged to Monero (XMR), which has now become the largest privacy token after surpassing ZEC. XMR has skyrocketed by 17% daily and by 50% weekly. It charted yet another all-time high earlier today at $686.

MYX and IP have surged by double digits as well, followed by NEAR, AAVE, CC, and ICP. In contrast, BCH and LTC are slightly in the red.

The larger-cap alts are a lot less volatile, with minor gains from ETH, BNB, XRP, SOL, DOGE, and TRX.

The total crypto market cap has added $40 billion daily and is up to $3.220 trillion on CG.

Cryptocurrency Market Overview Jan 13. Source: QuantifyCrypto

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Source: https://cryptopotato.com/bitcoin-btc-challenges-92k-again-monero-xmr-charts-new-ath-market-watch/