Bitcoin Price Declines as Market Faces Weekend Volatility

Bitcoin (BTC) $104,086 price is at $95,400 at the time of writing, having dipped to $95,199 during the day. The recent downturn is frustrating for cryptocurrency holders as the low trading volume during the holiday season appears to favor the bears. This situation reflects the risk of continued weak movements in the market.

Bitcoin (BTC) Trends

With the opening of the U.S. markets, BTC began to rally towards the daily low of $96,000. A few hours ago, Jelle highlighted an important detail in his evaluation. Similar fluctuations to what we are witnessing now were observed in previous weeks, and BTC managed to break its all-time record again.

“When you look at the overall picture, the fluctuations from previous weeks seem almost irrelevant.

Bitcoin continues to rise; downturns are just speed bumps along the way. Stay focused.”

In an upward trend, such declines may not deserve as much attention from investors. Moreover, we have previously mentioned that sudden losses exceeding 20% during rising trends are normal before BTC reaches new records.

Tron and Fartcoin Updates

In today’s assessment, Kyledoops drew attention to Tron. TRX has been a familiar asset to cryptocurrency traders for years, maintaining its place among the largest altcoins despite Justin Sun’s controversies. Kyle emphasizes the strength of stablecoins in this context, which supports TRX’s performance.

“Tron has USDT, which has risen 93% since June 2022, reaching $61.76 billion in 2024, with a 28.7% increase this year alone. Low fees, high speed, and smart moves make Tron the king of stablecoin supply.”

Fartcoin, which has recently gained popularity among altcoins, is also in focus. Altcoin Sherpa had previously written about making purchases during declines. Today, he not only announced his purchases but also shared the deeper levels he plans to evaluate with investors.

“I bought a bit more FARTCOIN. The last entry was just below $0.8. My ultimate purchases will be around $0.65. I am happy to DCA and incur a slight loss. I believe it will rise much higher later.”