Bitcoin Holds Steady, Altcoins Tumble Amid Market Flux

Bitcoin's price has remained relatively stable over the weekend, trading at around $96,200 on global exchanges. Despite a 1.55% drop on Saturday, the cryptocurrency has shown no significant movement, maintaining its price range between $96,000 and $98,000. Analysts suggest that if Bitcoin can sustain this range throughout the week, a brief price rally could be on the horizon.

In contrast to Bitcoin's stability, altcoins have experienced a challenging week. Ethereum, the second-largest cryptocurrency by market capitalization, has dropped by 1.15% over the weekend, with its price hovering around $2,666. Other altcoins, such as Stellar, Shiba Inu, and Litecoin, have also suffered significant losses. Only stablecoins like Tether and USD Coin have maintained their dollar peg, while Cardano has made slight profits.

The crypto market is currently in a state of flux, with volatility expected to continue. However, there is optimism that the market could experience a breakout and a brighter future. In recent news, Grayscale and NYSE are pushing for their first Cardano ETFs, while lawyers in Argentina have filed fraud charges against their president for disowning the LIBRA meme coin. Meanwhile, India has drawn cryptocurrencies worth $190 million. Despite these isolated movements, the broader market has not shown significant bullish momentum.