Stellar (XLM) Soars by 33%, Bitcoin (BTC) Holds Steady Above $90K | Market Watch

Bitcoin (BTC) experienced some volatility over the past week, briefly dipping below $90,000 before bouncing back to maintain that key level. Meanwhile, several altcoins, including Stellar (XLM), have posted significant gains, with XLM leading the charge with a 33% daily surge.

Bitcoin Fluctuates, Maintains $90K Support

Bitcoin started the week on a high, rising from $80,000 to $85,000 on Monday, then reaching $88,000 by Tuesday. A brief correction followed, but BTC regained momentum mid-week, spiking to a local high of nearly $94,000 by Wednesday. This sharp move marked a $25,000 increase since the U.S. elections.

However, reports soon emerged suggesting that Bitcoin had reached its short-term peak. In the following days, BTC began to retrace, dipping below $87,000 on Friday morning. But the cryptocurrency found support and began to recover, climbing back above $90,000 on Saturday, although it faced resistance at $91,500.

Currently, Bitcoin is hovering just above $90,000, with a market cap slightly below $1.8 trillion. Its dominance over altcoins has also waned, now sitting at 56.2%.

Stellar (XLM) Leads Altcoin Rally

While Bitcoin showed signs of consolidation, many altcoins have surged, with Stellar (XLM) among the standout performers. XLM exploded by 33% in just 24 hours, making it one of the top gainers in the market. Ripple’s XRP also posted an impressive 11% daily gain, climbing above $1, while Solana (SOL), Toncoin (TON), and Avalanche (AVAX) also saw notable increases.

In contrast, meme coins Dogecoin (DOGE) and Shiba Inu (SHIB) retraced slightly, losing 5% and 4%, respectively. Other top altcoins performing well include Mantra (42%), Quant (29%), BONK (25%), Ethereum Classic (15%), and Cosmos (15%).

Crypto Market Overview

Overall, the total cryptocurrency market cap has remained stable, holding just under $3.2 trillion. As Bitcoin's dominance declines, altcoins continue to capture more attention, with XLM's recent surge providing a clear example of the altcoin market's growing strength.