Bitcoin Holds Strong at $107K Despite Sharp Altcoin Losses: Weekend Update
Bitcoin price stabilized at $107,000 after a turbulent week that saw the cryptocurrency market experience steep declines. While Bitcoin recovered slightly from its multi-month lows, most altcoins continued to struggle, amplifying investor concerns as the weekend began.
Summary: Bitcoin Price
This article examines the recent stabilization of Bitcoin price at $107,000 after a dramatic drop, and the ongoing struggles of major altcoins. It covers key market movements, support and resistance levels, and notable events impacting the cryptocurrency sector.
Bitcoin Price Rebounds After Volatility
Friday brought another round of intense selling in the cryptocurrency market. The Bitcoin price fell sharply to a three-month low, briefly dipping below $104,000 on several major exchanges. This steep decline was mirrored across the digital asset landscape, with leading altcoins such as Ethereum (ETH), Binance Coin (BNB), and Solana (SOL) suffering even deeper losses.
The broader market correction started last Friday when Bitcoin price plunged from $122,000 down to the $101,000–$110,000 range. After a modest recovery above $110,000 over the weekend, Bitcoin rallied up to $116,000 at the start of the business week. However, it quickly faced resistance and retreated under selling pressure, which intensified by Thursday evening. By Friday, Bitcoin had fallen below $104,000 for the first time in months.
Positive macroeconomic news offered some relief when U.S. President Trump announced that recently introduced tariffs on China would not be implemented. This statement sparked a swift rebound in Bitcoin price above $106,000, with further gains leading to its current level at $107,000. Despite the recovery, Bitcoin’s total market capitalization dropped to $2.13 trillion, and its dominance over altcoins now stands at 57.3%.
Altcoins Face Persistent Pressure
While Bitcoin price stabilized, most altcoins continued to face heavy selling. Ethereum fell below $3,900, and BNB lost its $1,100 support after a 3% daily decline. Other notable losers included TRX, ADA, and HBAR, while XRP and SOL managed only minor gains. Among the largest decliners were COAI, which dropped 17% in 24 hours, AAVE with a 5.3% loss, and ASTER down 5%. Only a few altcoins such as ENA (+12.5%) and TAO (+8%) saw notable gains.
The total cryptocurrency market capitalization managed a mild recovery to just over $3.7 trillion, but this figure is still down by approximately $500 billion compared to last Friday. The market remains volatile, and investors continue to monitor macroeconomic signals closely. For a broader view on recent crypto market movements, readers can review this analysis from CoinDesk.
What’s Next for Bitcoin Price?
As the weekend unfolds, market participants are keenly watching whether Bitcoin price can maintain support above $107,000 and if altcoins can recover. Continued macroeconomic developments, especially global trade policies, are likely to influence price action in the coming days.
In summary, while Bitcoin price has shown resilience following a week of steep losses, the broader digital asset market remains under pressure, highlighting the importance of monitoring both technical and fundamental factors.
