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Due to the lack of any significant price movement in the past day, BTC volume continued to decline over the weekend.
Last week's correction wiped out most of BTC's price gains in December as the asset plummeted to $92,000 on December 21. It managed to bounce back immediately and made two attempts to reach $100,000 on December 22 and 26 - but to no avail.
Every attempt has been met with fierce rejection, causing the cryptocurrency to plummet by several thousand dollars. The latest occurrence of such a trend happened at the end of the work week, with BTC dropping to $93,000.
It defended this level, jumping to $94,000 yesterday and now at $95,000. Given the recent volume decline, this is somewhat expected. If whales continue to buy in large quantities, this could actually be a blessing in disguise for BTC and other assets.
However, currently, the market value of BTC is still far below the 19 trillion US dollars on CG, and its dominant position in altcoins has dropped to 54%.