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Cryptocurrency News Articles

Bitcoin price remained elevated throughout the weekend and marked the local highs above $105,000 after holding above $102,500 support levels

May 12, 2025 at 03:21 pm

Bitcoin price remained elevated throughout the weekend and marked the local highs above $105,000 after holding above $102,500 support levels

The crypto market capitalization faced a small setback from $3.34 trillion, and the volume dropped by over 12%, which suggests the markets might stall throughout the trading day.

The past weekend failed to attract bearish attention, but the top cryptos weren't able to demonstrate huge moves. Still, they managed to hold around the gains, above the pivotal support, which suggests the growing dominance of the bulls.

The crypto market displayed strength as most of the cryptos are holding tightly above the gains, hinting towards a potential upswing in the coming days. The market sentiments have risen at lightning speed after Bitcoin sustained above the crucial resistance at $102,500, which suggests a new ATH is fast approaching.

Bitcoin, Ethereum & the Top 10 Cryptos

The Bitcoin price remained elevated throughout the weekend and marked the local highs above $105,000 after sustaining above the $102,500 support levels. Besides, the Ethereum price surged above $2500, while the XRP price faced a pullback from $2.84 to $2.4.

Cardano prices are holding above $0.8, Solana plunged slightly after marking the highs above $180, and Litecoin reclaimed the three-digit figure. BinanceCoin price reached above $657, and Tron price trades above $0.26.

Top Gainers for the Day

With the crypto markets closing the weekly trade on a bullish note, the start was somewhat bullish, as bears tried to initiate a correction phase. Despite this, the biggest gainers include Pi with over a 47% jump, followed by dogwifhat with 30%, Kaspa with 18.5%, and Four with over 14%.

The memecoins like FLOKI, Pepe, Fartcoin and SPX6900 also faced a decent rise.

Top Losers for the Day

In the past 24 hours, the loss margin is much lower than the gains, as the altcoins attracted minimal bearish action. Among them are the tokens such as Arbitrum and Flare, which attracted a more than 3% jump. The altcoins like Theta Network, Lido DAO, Optimism, POL, Near Protocol, Helium and a few other tokens face marginal losses below 3%.

However, these losses are expected to recover in the next few hours, which could push the markets back under bullish influence.

The crypto market sentiments have turned bullish, with the indicator rising to 73, suggesting the retail investors have turned greedy. Moreover, the bullish sentiments on PI and Kaspa have risen over 90%, followed by Filecoin, Cardano and Ethereum.

Original source:coinpedia

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