Solana, Dogecoin Gain 6% Daily as Bitcoin Holds Steady at $105K (Market Watch)

After the recent amplified volatility across the crypto market, Bitcoin's price has finally stabilized around $105,000.

Many altcoins have regained some losses following yesterday's decline, and the total market capitalization approaches $3.8 trillion.

BTC Stabilizes at $105K

Bitcoin surpassed $100,000 at the end of last week, reaching a peak of $105,000 on Friday. Despite a calmer weekend, the asset held its ground, even surging to $106,000 on Monday morning.

Subsequently, a volatile ride ensued, momentarily pushing BTC below $100,000. However, it quickly recovered and soared to $109,000, marking a new all-time high. These fluctuations occurred within a few hours.

Following Trump's inauguration announcement, BTC's price dipped again, reaching $100,000 once more. However, buyers stepped in, raising the cryptocurrency to $107,000 yesterday.

Since then, it has slightly declined, now trading around $105,000 with less volatility. Its market capitalization has reached $2.080 trillion on CG, and its dominance remains above 55%.

Altcoins Recover

Most altcoins are showing gains today after yesterday's retractions. Solana and Dogecoin lead the way with 6% increases. As a result, SOL has climbed above $250, while DOGE has rebounded to $0.36.

ETH, XRP, BNB, and ADA have seen modest gains, while TRX, LINK, and AVAX have gained 3-4%.

Other notable gainers include HYPE and CRO, as the latter's exchange has launched in the US.

The total crypto market capitalization has increased by over $100 billion, now nearing $3.8 trillion on CG.