BTC price stops falling at 106,000 USD

Last Monday was quite eventful for Bitcoin, as its price rose to nearly $106,000 for the first time since the end of January, only to fall below $101,000 within a few hours. However, the bulls successfully maintained the asset in the six-figure price range and began to recover, pushing the cryptocurrency back into a narrow range between $103,000 and $105,000.

Most workweeks are spent between these two boundaries, with weekends starting off on a dull note just like most people. However, on Sunday night, the situation changed as bulls launched a surprising rebound, driving BTC to initially rise to $106,000, then it paused, but another impressive surge pushed it above $107,000, setting a new high for several months.
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Subsequently, Bitcoin faced rejection again, falling by about $5,000 within a few hours to just above $102,000. After that, the price of Bitcoin rebounded, now surpassing $103,000, and the market capitalization has returned to $2.05 trillion.

After falling below 59.5% last week, its dominance over altcoins has surged to nearly 61% on CG.