BNB Breaks $850 as Bitcoin Stalls Below $120K: Market Watch

Bitcoin approached $120,000 over the weekend but failed to break through the key resistance level. After dropping to $114,500 late last week—partly due to a large sell-off of 80,000 BTC—the asset rebounded and briefly surged toward $120K again following a major U.S.–EU trade announcement. Despite the recovery, Bitcoin was rejected near that resistance and currently trades around $119,000, with its market cap holding steady at $2.365 trillion. Its dominance over the altcoin market has slipped below 59%.

Meanwhile, BNB continues to lead altcoin momentum, hitting two consecutive all-time highs in the past 24 hours, peaking above $850. Ethereum also climbed, reaching $3,900, while other altcoins such as AVAX and ENA posted strong gains, with ENA jumping over 13%. CRO, ICP, and UNI also performed well.

XRP crossed the $3.25 mark, and assets like Solana, Dogecoin, and HYPE each rose by about 3%. Overall, the total crypto market cap increased by $60 billion since yesterday, pushing above $4 trillion.