Bitcoin stalls below $92,000 as privacy coins rally; crypto miners surge on Meta AI news

Bitcoin is stalling below the crucial $92,000 resistance level, with traders rotating into privacy coins like Monero (XMR), Zcash (ZEC), and Railgun (RAIL) which have surged recently. Both Bitcoin and Ethereum are struggling to break above key resistance levels, leading to a shift in market focus towards privacy-centric cryptocurrencies. Additionally, positive news regarding Meta's AI initiatives has boosted crypto miners, suggesting a more favorable environment in that sector. As Bitcoin remains under pressure, the price's future movements will be closely monitored, especially given the current high volatility in the market. Traders should consider both technical indicators and fundamental news as they navigate these turbulent market conditions.