Bitcoin Price Surges, Shows Resilience Amidst Weekend Slumber

Bitcoin's price has seen a notable increase of 4.25% over the last 24 hours, despite a dip in daily trading volume by 14.11%.

Other Cryptocurrencies Follow Bitcoin's Lead

Ethereum and Solana, along with other altcoins, have also experienced gains, contributing to a 3.71% increase in the overall market capitalization.

Bitcoin Tests $91K Level Again

The largest cryptocurrency briefly tested the $91K level after a recovery from a low of $87,350 on Friday. At the time of writing, BTC is trading at $91,356, according to CMC data.

Dormant BTC Wallets Activate

Bullish sentiment is reflected in the activity of dormant BTC wallets. A miner recently sold 2000 BTC, while institutions like Pennsylvania have expressed interest in Bitcoin reserves.

Indicators Suggest Positive Momentum

The Chaikin Money Flow (CMF) value of 0.28 indicates increased money flow into Bitcoin. The bull power indicator value of 1.54 and the bear power indicator value of 0.46 below zero suggest positive market conditions.

Potential for Price Stability Above $90,000

These indicators imply that Bitcoin may maintain price stability above $90,000. Potential resistance points include $92,026 and $90,916.

Memecoin Sector Surges

Popular memecoins like DOGE and PEPE have also seen significant price increases.

Notable Crypto News:

• Goldman Sachs discloses holdings worth $710M in Bitcoin ETFs