After a few days of consolidation around ,000, bitcoin has headed south and dropped beneath ,000. Most altcoins have retraced in a similar fashion, with a few exceptions. LUNA is among those as it pumped by double-digits to tap a new ATH above . Bitcoin Slides Below K The primary cryptocurrency had a rough week. As it was preparing to become a legal tender in El Salvador, its price went to a multi-month high at just over ,000. However, shortly after it became official, BTC plummeted in value. In just a matter of hours, it lost over ,000 and bottomed at ,000. It bounced off somewhat rapidly to ,000 and even challenged ,000 a day later, but it ultimately failed to continue higher. Just the opposite, the bears pushed it south once more in the past
Topics:
Jordan Lyanchev considers the following as important: ADABTC, ADAUSD, BCHBTC, bchusd, Bitcoin (BTC) Price, BNBBTC, bnbusd, BTCEUR, BTCGBP, btcusd, btcusdt, DOGEBTC, DOGEUSD, DOTBTC, DOTUSD, DOTUSDT, ERDBTC, ERDUSD, ETHBTC, ethusd, featured1, LINKBTC, LINKUSD, Market Updates, social, SOLBTC, SOLUSD, UNIBTC, UNIUSD, UNIUSDT, xrpbtc, xrpusd
This could be interesting, too:
Chayanika Deka writes XRP, SOL, and ADA Inclusion in US Crypto Reserve Pushes Traders on Edge
Chayanika Deka writes Why Arthur Hayes Is Bullish on Bitcoin Under Trump’s Economic Strategy
Mandy Williams writes Why the Bitcoin Market Is Stuck—and the Key Metric That Could Change It: CryptoQuant CEO
Wayne Jones writes Metaplanet Acquires 156 BTC, Bringing Total Holdings to 2,391
After a few days of consolidation around $46,000, bitcoin has headed south and dropped beneath $45,000. Most altcoins have retraced in a similar fashion, with a few exceptions. LUNA is among those as it pumped by double-digits to tap a new ATH above $40.
Bitcoin Slides Below $45K
The primary cryptocurrency had a rough week. As it was preparing to become a legal tender in El Salvador, its price went to a multi-month high at just over $53,000. However, shortly after it became official, BTC plummeted in value.
In just a matter of hours, it lost over $10,000 and bottomed at $43,000. It bounced off somewhat rapidly to $46,000 and even challenged $47,000 a day later, but it ultimately failed to continue higher.
Just the opposite, the bears pushed it south once more in the past 24 hours, and it dipped to just over $44,000. As of now, it has recovered several thousand dollars but still struggles below $45,000.
Bitcoin’s market capitalization is down beneath $850 billion, and its dominance over the altcoins has remained still at 41.5%.
Altcoins Drop Again; LUNA Goes For an ATH
Most alternative coins have mimicked their leader’s performance lately. After the mid-week market crash, Ethereum dropped to around $3,000. It bounced off and went above $3,500, but another price dip has driven it to approximately $3,250.
Cardano (-4%) has declined beneath $2.4. Binance Coin, which went above $500 just days ago, now struggles to remain above $400. Solana – one of the best performers lately – has lost 5% in a day and now stands at $175.
Ripple (-4%), Dogecoin (-5%), Polkadot (-7.5%), Chainlink (-6.5%), and Bitcoin Cash (-5%) are also well in the red.
In contrast, Terra has surged by more than 25% in a day. As a result, LUNA charted a fresh all-time high just a few hours ago at above $40.
Quant (27%), Elrond (22%), Avalanche (17%), and Raydium (10%) have also marked impressive gains in a day to contrast with the rest of the market. Nevertheless, most lower- and mid-cap alts are in red.
Double-digit losses are evident from Celo, IOTA, Revain, eCash, Arweave, Perpetual Protocol, and more. As such, the cumulative market cap of all cryptocurrency assets has lost more than $120 billion in a day and is just over $2 trillion now.