Bitcoin (BTC) price was quoted at $95.398,74 this Sunday, May 4, 2025, with a daily drop of 1%

Bitcoin's price was quoted at $95.398,74 this Sunday, May 4, 2025, with a daily drop of 1%. The devaluation came in the wake of a significant rejection at the $98.000 mark

Crypto traders are closely following developments in the cryptocurrency market, particularly after a weekend of muted trading activity due to a U.S. holiday.

Despite a 1% daily drop, Bitcoin (BTC) managed to stay above the $95,000 mark on Sunday, May 4, after a strong rebound from lows hit earlier in the week.

After breaking through the $90,000 level last Tuesday, Bitcoin continued its upward trajectory, reaching a local peak at $96,000 on April 25.

Throughout the following week, the asset fluctuated between the $93,000 and $95,000 levels before gaining momentum on Thursday as it broke through resistance and rose to $97,500. The cryptocurrency reached $98,000 on Friday, marking its highest valuation in over two months.

However, at this level, resistance proved too strong. Even with positive on-chain data that could indicate further gains in the short term, selling pressure pushed BTC down by more than $2,000.

Now, after a moderate correction, Bitcoin is attempting to maintain support above the $95,000 mark. As a result, market cap has decreased to $1.9 trillion, while dominance over other cryptocurrencies has risen to 61.7%.

"Bitcoin broke out of the downtrend and is now looking for newer highs. Coming weeks will be important."

Among altcoins, the negative movement also intensified. Solana (SOL), XRP, BNB, DOGE, ADA, TRX and LINK posted losses of up to 3%.

Among the main altcoins, SUI and Avalanche (AVAX) led the way with drops of 5.6% and 4.2%, pushing SUI below US$3.22 and keeping AVAX below US$21.

The token linked to Donald Trump also saw another significant decline, losing around 14% in the last 24 hours. The asset continues to be surrounded by controversy after recent events involving the former president.