Bitcoin tried its hand at taking down ,000 yesterday once again, but, just like it happened earlier this week, it was stopped and dropped by almost ,000. Most larger-cap altcoins are slightly in the red now, while there are some gains from the mid-cap ones. Bitcoin Rejected at K Once More Bitcoin had a significantly less volatile week than the previous one when the US Federal Reserve’s actions pushed it south to a three-month low at ,100. The asset recovered some ground and calmed around ,000. In fact, it spent most of the weekend and even Monday there. The first notable price movement came on Tuesday when the cryptocurrency jumped to a 12-day high of ,400. While the bulls were preparing for another leg up, the bears reminded of their grip over the market
Topics:
Jordan Lyanchev considers the following as important: BTCEUR, BTCGBP, btcusd, btcusdt, featured1, Market Updates, social
This could be interesting, too:
Wayne Jones writes Chinese Auto Dealer Dives Into Bitcoin Mining With 6M Investment
CryptoVizArt writes Bitcoin Price Analysis: Is BTC In Danger of Falling to ,000 Soon?
Chayanika Deka writes wBTC Delisting Stands: BiT Global’s Legal Challenge Fails
Jordan Lyanchev writes Liquidations Skyrocket Beyond Billion as BTC, Altcoins Bleed Out Heavily Again
Bitcoin tried its hand at taking down $20,000 yesterday once again, but, just like it happened earlier this week, it was stopped and dropped by almost $1,000.
Most larger-cap altcoins are slightly in the red now, while there are some gains from the mid-cap ones.
Bitcoin Rejected at $20K Once More
Bitcoin had a significantly less volatile week than the previous one when the US Federal Reserve’s actions pushed it south to a three-month low at $18,100.
The asset recovered some ground and calmed around $19,000. In fact, it spent most of the weekend and even Monday there.
The first notable price movement came on Tuesday when the cryptocurrency jumped to a 12-day high of $20,400. While the bulls were preparing for another leg up, the bears reminded of their grip over the market and pushed the asset south hard.
In a matter of hours, BTC had dropped below $18,000 before returning to a familiar trading range between $19,000 and $20,000. As Friday was coming to its end, bitcoin pumped once more, touched $20,000, but was stopped and pushed back down to $19,300 as of now.
Nevertheless, BTC’s dominance has gained about 2% in a week and is up to 39.5% now. It even touched 40% earlier this week.
Less Volatile Alts
The alternative coins are somewhat untypically calm now, having failed at marking impressive gains yesterday.
Ethereum’s post-Merge struggles continue. It traded above $1,600 when the transition to PoS was completed just over two weeks ago but dumped to $1,200 in the following days. Since then, it has recovered some ground, but it’s unable to break above $1,350.
Ripple was among the best performers lately, perhaps fueled by the positive developments on the case against the SEC. Now, though, XRP has retraced slightly by 3% in a day after touching $0.5 yesterday.
Binance Coin, Cardano, Solana, and Polkadot are also slightly in the red on a daily scale.
From the mid-cap alts, Uniswap and QNT are the only ones with notable gains now.
