The cryptocurrency market continues its lackluster performance. Bitcoin (BTC) has reclaimed the $81,000 mark. BTC briefly fell to the $79,000 price level earlier this week. The global crypto market cap has dipped 0.7% in the last 24 hours to $2.74 trillion.
Also Read: Dogecoin Has Dipped 50%: Buy the Dip To Become Rich?
Cryptocurrencies Consolidate Amid Uncertainties
The crypto market is showing signs of a consolidation. Bitcoin (BTC) has gained 1.7% in the daily charts. Many significant assets follow BTC’s trajectory. The market may be gearing up to regain its lost traction.
The cryptocurrency market faced considerable hurdles in 2025. The situation is perplexing, given that the US has a pro-crypto leadership in the White House. The US recently announced a Bitcoin (BTC) reserve and digital asset stockpile. Despite the bullish development, the cryptocurrency market did not make any positive movement. Investor sentiment remains low, arising from tensions around global trade wars. Macroeconomic conditions have presented considerable challenges to the cryptocurrency market.
Also Read: AI Predicts Ripple’s Price If Franklin Templeton’s XRP ETF Is Approved
Top 3 Cryptocurrencies That Could Hit New Peaks After This Dip
1. Bitcoin (BTC)
Bitcoin (BTC) hit an all-time high of $108,786 earlier this year on Jan. 20. The cryptocurrency is down by 25.1% since its January peak. According to CoinCodex, BTC could rise to a new all-time high of $158,478 on June 8.
2. Binance Coin (BNB)
Binance’s BNB coin hit a new all-time high of $$788.84 in December 2024. Since its highs, the cryptocurrency’s price has dipped by 30%. According to CoinCodex, BNB could hit a new peak of $1230.25 on May 11.
3. Ripple (XRP)
Ripple’s XRP token breached the $3 mark for the first time in nearly seven years earlier this year. The asset hit an all-time high of $3.40 in January 2018. According to CoinCodex, the cryptocurrency could rise to a new high of $4.12 on Apr. 15.
Also Read: Chainlink Recovery Incoming? LINK Looks to Retake $14 in March
