Bitcoin Holds Steady at $111k Amidst Altcoin Losses

Despite a relatively calm weekend for Bitcoin, the cryptocurrency remained firmly anchored around the $111,000 mark. However, its upward momentum has stalled in recent days, and resistance is being met as it struggles to break through this threshold. Bitcoin experienced gains of over 10% this past week, reaching highs above $116,000 before retracing. While the primary cryptocurrency remains stable, altcoin performance offers a mixed picture. Most large-cap tokens have seen minor losses over the past day, with HYPE, BCH, HBAR, ZEC, and TAO leading the pack. This week’s performance in the altcoin space has seen a dip across the board.