Bitcoin Stabilizes Near $104K As ASTER Surges

Bitcoin’s price briefly exceeded $107,000 before retreating, currently stabilizing around $104,000. The cryptocurrency had previously dipped below $100,000 during the prior week, initiating a gradual recovery over the weekend. Positive sentiment was bolstered by a promise from US President Donald Trump regarding tariff checks for Americans.

On Tuesday morning, reports suggesting a potential reopening of the US government fueled a rally, pushing Bitcoin past $107,000. However, this advance was short-lived, with sellers pushing the price back down. Bitcoin has since rebounded somewhat and currently trades near $105,000.

Despite the Bitcoin recovery, most larger-cap alternative cryptocurrencies remain in the red. Ethereum is below $3,500, while XRP has fallen to $2.40. Solana is trading below $160 after a 3.1% decline.

Several altcoins are also struggling, including DOGE, ADA, ZEC, LINK, HYPE, and XLM. TRUMP has experienced a particularly sharp decline, falling over 7% to below $8.

In contrast, ICP, MNT, XMR, UNI, and WLFI have seen modest gains. CC and ASTER are the top performers today, with CC up 18% and ASTER adding 8%, now priced above $1.15.

The total cryptocurrency market capitalization has decreased by $20 billion in the last 24 hours, now below $3.610 trillion, according to CoinGecko. Bitcoin’s dominance over the broader cryptocurrency market has slightly increased to 58%.

Disclaimer: The information provided is from writers’ opinions and should not be taken as financial advice. Always conduct independent research before making investment decisions.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.