Bitcoin surged by around US$2,000 on Monday morning before the rally stalled. This, indirectly, reflects the volatile price action and lack of market momentum.
The largest crypto asset once again failed to break through the key resistance levels around US$92,000 to US$95,000, with short-term support still holding near US$90,000.
Political tensions between the US President and the Fed Chair triggered a temporary surge, but the market quickly rejected the move.
Most large-cap altcoins remained weak, with only a handful of major altcoins posting small gains. Monero emerged as an exception, rising double digits and standing out amid the broader crypto market weakness.
