The cryptocurrency seems to be moving in a sideways trajectory. Bitcoin (BTC) is struggling to hold the $97,000 price level. The global crypto market cap has dipped 2.8% in the last 24 hours to $3.05 trillion. BTC has made a healthy turnaround since the market crash in April. The asset’s price fell to below $75,000 on Apr. 7 amid growing tariff woes. The market has significantly recovered after President Trump paused tariffs for 90 days.
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Cryptocurrencies Hold Steady
The crypto market is holding steady at current levels. BTC faces substantial resistance at the $97,000 price level. The $92,000-$93,000 price point, on the other hand, seems to offer a strong support level.
The latest cryptocurrency market rally is likely due to a spike in institutional investments. BlackRock purchased over $3 billion worth of BTC for its spot ETF offering since Apr. 22. The recent market resurgence has very little retail participation. Investor confidence may not have fully recovered after Trump’s tariff spree.
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The cryptocurrency market may have also benefited from the appointment of pro-Bitcoin candidate Paul Atkins as the new SEC chair.
Top 3 Cryptocurrencies To Watch This Week
1. Bitcoin (BTC):
BTC is the market leader. Other cryptocurrencies will likely not move unless BTC begins to rally. If BTC breaches past the $97,000 mark, there is a possibility that it will reclaim $100,000 once again.
2. Ripple (XRP):
Ripple’s XRP token is another cryptocurrency you could have on your watchlist. The asset has had quite a bullish year in 2025. XRP reached the $3 mark earlier this year for the first time in nearly seven years. There is a lot of talk about an XRP ETF being approved this year. An ETF launch could take the asset to a new peak.
3. Virtuals Protocol (VIRTUAL):
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VIRTUAL is currently the best-performing cryptocurrency in the weekly charts among the top 100 projects by market cap. The asset may face a correction if BTC continues to slump over this week.