Bitcoin’s price rally since the start of the new year took the asset to a new multi-week peak of just under $95,000, where it faced an immediate rejection and now trades over a grand below that line.
Many altcoins have produced even more impressive daily gains. Ripple’s XRP stands out from the larger caps.
BTC Stopped at $95K
The primary cryptocurrency entered 2026 at around $88,000 after ending last year in the red. Following a rather calm January 1, BTC went on the offensive on the first business day, surging to $90,000. It was stopped there at first, but quickly reclaimed that level and remained above it during most of the weekend, even after the attacks against Venezuela and the capture of its president.
Bitcoin climbed again on Monday, this time to and above $92,000. The bulls kept the pressure on as the day progressed and helped bitcoin surge to almost $95,000 on Tuesday morning. This became its highest price tag since mid-November.
However, the cryptocurrency was stopped at this point and was pushed south to under $93,000. It found support there, and trades at $93,500 as of press time. Its market capitalization has risen to $1.865 trillion on CG, but its dominance over the alts has taken another hit and is down to 56.8%.
BTCUSD Jan 6. Source: TradingView
XRP Soars
As mentioned above, Ripple’s native token, which recently flipped BNB in terms of market cap, has gained the most value from the larger caps. XRP has surged by almost 10% daily and marked a multi-week peak of its own at $2.40 earlier today, before it was pushed down slightly to $2.35.
ETH, BNB, SOL, DOGE, and LINK are also in the green, but in a more modest manner. ADA, XLM, and SHIB have posted more impressive gains, while BCH is among the few altcoins in the red today.
Even more gains are evident from RENDER (18%), SUI (16%), and HASH (13.5%). The total crypto market cap has added another $50 billion and is close to $3.3 trillion on CG.
Cryptocurrency Market Overview Daily January 6. Source: QuantifyCrypto
The post Bitcoin’s Rally Stopped at $95K, Ripple’s XRP Surges by Double Digits: Market Watch appeared first on CryptoPotato.