NEAR Surges to $5.80 as Altcoins Rally While Bitcoin Is Rejected at $84,000

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NEAR Surges to $5.80 as Altcoins Rally While Bitcoin Is Rejected at $84,000
PrimeXBT Editorial Team
Reviewed by PrimeXBT

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Bitcoin's latest rebound stalled at $84,000 while most altcoins gained. NEAR, ICP, FIL, ZRO, ALGO and VVV posted double-digit price gains over the past day.

NEAR surged by double digits to $5.80. Bitcoin, meanwhile, was halted at $84,000 in its latest recovery attempt. ICP, FIL, ZRO, ALGO, and VVV also joined the double-digit gainers.

Bitcoin stalls below $84,000 again

Bitcoin slumped to $80,400 for the first time in well over two weeks after the $85,000 support level failed to hold. It then rose on Friday to $83,500, where it stalled again.

The asset spent the weekend trading sideways around $83,000, then jumped to over $84,000 earlier today despite escalating tension in the Middle East. However, sellers intervened again, and Bitcoin now trades inches below that level.

Its market cap recovered slightly to $1.680 trillion on CMC, while its dominance over the alts fell to 59.35%.

Altcoins return to the green

Ether rose over 2% daily and sits above $2,550, despite substantial net outflows from the spot Ethereum ETFs last week. XRP has risen past the $1.40 level, which it had been fighting for days.

Other tokens, including SOL, DOGE, LINK, HYPE, TRX, BNB, XMR, and ADA, are also in the green. Meanwhile, ZEC reclaimed the $1,300 level after a 6.3% increase.

The cumulative crypto market cap increased by 1% to $2.830 trillion on CMC.

Source: CryptoPotato

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