BTC price aims for $96,000, these alts see double-digit gains: market observation

XRP and XLM are one of the currencies with the largest increase today.

The new year has been painful for BTC, as the asset has once again fallen to $93,000, but it has reacted well and is now up by several thousand dollars.

In the past 24 hours, many alts have made impressive gains, with ETH soaring above $3,400 and XRP rising 12% in value.

BTC aims at $96,000
After hitting an all-time high of over $108,000 on December 17, BTC entered a full-blown pullback mode, losing $16,000 in just a few days on December 20. It bounced back over the next week or so and even challenged $100,000 a couple of times, but to no avail.

After the second attempt failed, the BTC price fell sharply to $91,300 on December 30, becoming the lowest price in over a month.

Bulls finally stood firm at this point and pushed the BTC price to a sprint of $95,000, but were stopped there, and BTC fell below $92,000. There was more volatility at the end of the year, soaring to $96,000 at one point, then dropping to $93,000.

In the past 24 hours, the price of BTC has been more positive for the largest digital asset, as it is now approaching $96,000 again. Its market capitalization has risen to $1.9 trillion on CG, while its dominance over AltCoins has been weakened to 53.8% as most AltCoins have seen impressive gains.

XRP, XLM are rising
Yesterday, most alts saw a sharp decline, but today the situation is completely different. Ethereum fell below $3,400, but has since recovered to that level after a daily increase of 2.5%. Bina, TRX, and TON also experienced similar growth, while SOL, DOGE, ADA, AVAX, LINK, and SHIB saw gains of up to 11%.

XRP stole the limelight from the top 10 AltCoin, soaring to $2.38 (12% daily growth). XLM was the best performer among the large-cap AltCoin, rising 22% and trading above $0.42.

The cumulative market value of all cryptocurrencies has increased by more than $130 billion overnight, reaching $3.53 trillion on CG.