Bitcoin Rejected at $45K, ATOM Jumps 5% (Market Watch)

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Bitcoin marked a new three-week high but failed to break above $45,000. ATOM is the biggest gainer from the larger-cap alts.

Following a few consecutive days of charting gains, bitcoin was rejected at $45,000 and slipped by around $2,000. Most altcoins have also retraced today, with Cosmos being among the very few exceptions.that transpired when Russia invaded Ukraine, bitcoin started to regain value and knocked on the door of $40,000. While it was stopped there at first, the asset broke down that door on February 28 and kept climbing towards weekly highs.

This resulted in nearing $45,000 at the start of March. In fact, BTC touched that level twice in the past two days but failed to breach it successfully.a new 3-week high, but the bears stepped up and pushed it south by $2,000 to $43,000. It tried to reclaim some ground in the following hours but stands just a few hundred dollars above that intraday bottom as of now.

Nevertheless, being more than 20% up weekly means that the asset’s market capitalization is well above $800 billion.This is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:

 

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