Bitcoin remains at $90,000 while altcoins diverge: why did ZEC rebound 14% despite the crisis

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Source: Yellow Original Title: Bitcoin remains at $90,000 while altcoins diverge: why ZEC rebounded 14% despite the crisis

Original Link: https://yellow.com/es/news/bitcoin-se-mantiene-en-90000-dólares-mientras-las-altcoins-divergen-por-qué-zec-rebotó-un-14-a-pesar-de-la-crisis Bitcoin (BTC) stayed within its late November trading range near $90,000 on Friday, while daily volume dropped 9% to $38 billion.

The reduction in liquidity has amplified short-term price movements in major cryptocurrencies, with sharp swings often reversing quickly.

Altcoins showed mixed performance: Zcash (ZEC) rebounded over 14% from Thursday’s lows, while SKY and TON underperformed.

What happened

Bitcoin’s daily trading volume has fallen significantly from the $80-130 billion range seen a few months ago.

Lower trading activity has created volatile price action that punishes leveraged traders through quick reversals.

Zcash recovered strongly after initially dropping 18% following the resignation of the entire Electric Coin Company development team on January 7 due to governance disputes.

Over $200 million in cryptocurrency futures liquidations occurred within 24 hours, below the $400 million seen the previous day.

Why it matters

Bitcoin’s volatility index cooled to 43% from 47.3%, reversing its late December rally, as traders showed limited concern ahead of economic data releases.

Total notional open interest in cryptocurrency futures fell to $138.5 billion from over $141 billion earlier this week.

The combination of compressed volatility expectations and declining trading volumes suggests markets are waiting for catalysts before establishing new trend directions.

Zcash’s governance crisis highlighted the resilience of cryptocurrency networks when protocols operate independently of any single development entity.

BTC0.35%
ZEC2.44%
SKY-0.08%
TON-0.28%
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