SOL Targets $200 After 5% Daily Rise, BTC Calms at $95,000 (Weekend Watch)

Declining Bitcoin trading volumes continue into the weekend as the asset has produced little to no real price movement over the past day.

Altcoins have regained some ground since Saturday’s correction, with ETH above $3,400 and DOGE targeting $0.33.

BTC stagnates at $95K

Last week’s correction erased much of the BTC price gains recorded in December when the asset plummeted to $92,000 on December 21. It managed to bounce immediately and headed towards $100,000 a couple of times since then = December 22 and 26, but to no avail. .

Each attempt was met with fierce rejection that pushed the cryptocurrency down by several thousand dollars. The last such move came at the end of the trading week, and BTC fell to $93,000.

It defended that level and jumped to $94,000 yesterday and $95,000 now. This is somewhat expected given the declining trading volume of late, which could actually be a blessing in disguise for BTC and other assets if whales continue to make large purchases.

For now, however, BTC’s market capitalization remains well below the $1.9 trillion CG mark, and its dominance over alternatives has dropped to 54%.

SOL, SUI recover

Most altcoins suffered a lot yesterday, but have produced some minor increases in the last 24 hours. ETH has risen above $3,400, XRP is near $2.2, while BNB continues to defy market sentiment with a 2.5% jump to $718.

Dogecoin has added over 3% in value and stands near $0.33, while SOL and SUI have gained 5-6%. As a result, SOL is now trading above $195, while SUI is above $4.25.

Other notable winners include HBAR, DOT, AAVE, APT, ICP and PEPE.

The total crypto market capitalization has recovered around $50 billion since yesterday and is close to $3.5 trillion in CG.