Crypto Market Gains $130B as Bitcoin Breaks Above $91K

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After a week of trading below the $90,000 mark, which included a nosedive to under $81,000, bitcoin finally notched an impressive recovery attempt that pushed it to just under $92,000.

Its dominance over altcoins has surged as well, as very few are able to match its gains over the past 24 hours.

BTC Eyes $92K
The primary cryptocurrency’s most severe part of its November correction took place last week when the bears were in complete control of the market and drove it south to under $81,000 on Friday. This became its lowest price point in approximately seven months and meant that BTC had lost over $25,000 in just ten days.

The bulls finally stepped up at this point and didn’t allow another breakdown to under $80,000. Just the opposite: bitcoin bounced to $84,000 over the weekend and began climbing higher as the new business week progressed. Nevertheless, it was stopped on a couple of occasions at $88,000 and $89,000.

The actual breakthrough took place last night when BTC finally surged past the coveted $90,000 mark. It continued its rally on Thursday by nearing $92,000 to mark a weekly high.


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