- Crypto market is slow after Bitcoin dropped below $94,000.
- Top coins like Ethereum and XRP are stuck, but Core and Walrus gained over 10%.
- People are hopeful for a recover if Bitcoin rises above $97,000.
The crypto market is slowly picking up this week following a weekend decline. Major coins such as Bitcoin and Ethereum are flat, but some smaller ones are performing well.
Crypto Market Remains Quiet
The crypto market witnessed Bitcoin going below $94,000, dragging other top coins such as Ethereum, XRP, and Cardano as well.
Such coins are yet to surpass their highs, thus the market is stuck. Individuals remain bullish on coins such as Kaspa, Cardano, Pi, and XRP, anticipating them to increase in case Bitcoin manages to move upwards to $97,000.
Currently, the market remains peaceful, with some fearing that the rising trend may not endure.
Certain Coins Gain, Some Lose
Although the market is sluggish, some coins are doing well. Core increased 13% as its platform is developing rapidly.
Walrus appreciated more than 10% after a dismal weekend, and Flare, Pudgy Penguins, and Bonk also increased. Conversely, Ethereum Name Service declined by 8%, while Sonic and BitTorrent dropped by 3% to 4%.
Coins such as Cardano and Ethereum Classic lost a bit too, but the crypto market still remains optimistic. If Bitcoin becomes stronger, the market can have a nice bounce back in the near future.
