As the cryptocurrency market continues to search for direction at the beginning of the week, Bitcoin continues to be stuck below $88,000. The largest cryptocurrency, which has not achieved any significant momentum in daily transactions, reflects the cautious stance of investors. In the same period, selective movements came to the fore on the altcoin front, while the main network asset of the Hyperliquid ecosystem, HYPE coin, attracted attention with its sharp rise. The general outlook of the market is shaped under the influence of macro uncertainties and weak risk appetite.
Bitcoin Struggles at the 88 Thousand Dollar Threshold
The pressure on Bitcoin accelerated as Asian stock markets and futures markets opened early last week. US President Donald Trump’s tariff threats against the European Union disrupted global risk perception and triggered sharp sales in the crypto market. Bitcoin, which lost more than 3 thousand dollars in value within hours, fell from 92 thousand dollars to 87,200 dollars.
The limited recovery in the middle of the week created a short-term optimism on Friday and the price moved above 91 thousand dollars. However, the buyers’ failure to remain at this level prevented the continuation of the rise. While Bitcoin quickly returned below 90 thousand dollars, this resistance level has not been exceeded in recent days.
The new sales wave on Sunday evening dragged the price to a multi-week low of $86 thousand. The subsequent reaction purchases were limited to 89 thousand dollars. Currently, Bitcoin is trading below $88,000. While the market value decreased to approximately 1.75 trillion dollars, the dominance rate against altcoins remains horizontal at around 57.4 percent.
Selective Rally in Altcoins, HYPE Stands Out
Despite Bitcoin’s unstable outlook, some large-scale altcoins have recorded limited increases in the last 24 hours. While Ethereum tested the $2,900 level, BNB managed to hold above $880. Although XRP approached the $1.90 threshold, it continued to remain below the strong resistance area.
More significant gains were observed on the Solana, Bitcoin Cash and Monero side. However, the rise rates in relatively smaller volume altcoins such as RAIN and ZEC reached more remarkable levels. This chart shows that investors are turning to specific projects rather than a broad rally.
The real standout asset of the day was Hyperliquid’s mainnet asset, HYPE. The coin rose a sharp 25 percent to over $27, hitting a multi-week high. PUMP and HASH were also among the risers. Despite this, the total crypto market cap failed to gain significant momentum on a daily basis and remained stagnant at approximately $3.05 trillion.
