PEPE price pumps 6% daily, BTC rebounds to $94,000 after hitting a monthly low

PEPE and VIRTUAl are the best performers among the top 50 altcoins.

The price issue of BTC further deteriorated yesterday as the asset fell to its lowest price level in over a month at $91,300 before rebounding.

Most altcoins have also been sluggish at the end of the year, with ETH falling below the $3,400 mark and LINK continuing its recent decline.

BTC aims for $94,000

The year-end selloff has been painful for BTC. Two weeks ago, the cryptocurrency was standing above 108,000 US dollars, adding 40,000 US dollars since Trump's overwhelming victory in the US presidential election. However, the Fed's hawkish comments on 2025 reversed the trajectory of the asset, and it began to rapidly depreciate.

That Friday, Bitcoin fell to $92,000 and attempted to regain some lost ground in the following week. It successfully surged to $100,000 several times, but each attempt failed and it plummeted southward violently.

Yesterday, the bears initiated a significant decline, causing BTC to touch a monthly low of $91,300, and the retracement reached its peak. As concerns about breaking below $90,000 spread, the bulls intervened and pushed the asset up to the current level of nearly $94,000.

However, its market value is still struggling around 1.86 trillion US dollars, and its dominant position in altcoins has increased to 54.3% on CG.

PEPE is on the road to recovery

Most of the large-cap altcoins are currently experiencing slight losses. ETH fell below $3,300, XRP fell below $2.1, while DOGE, ADA, TRX, AVAX, and TON fell again by about 1-2%. Chainlink's native token continued to depreciate after another 3% drop in the past 24 hours. SHIB, HBAR, and DOT also experienced similar declines.

CRO, TAO, and AAVE have experienced larger declines, while PEPE has moved against the market sentiment, pumping 6% to 0.00002 US dollars.