Bitcoin failed at decisively overcoming $31,000 and has retraced by over $1,000 to a familiar ground of approximately $30,000. Most altcoins are also slightly in the red today, with Ethereum fighting to stay above $2,000. Polkadot has lost the most from the larger-cap alts.by $15,000 at one point from $40,000 to a multi-month low of $25,300. After recovering around $5,000 in the following few days, the tides changed, and this week has been significantly calmer, at least for now.
The most substantial price increase came two days ago when BTC spiked to and beyond $31,000. However, it failed at that point, reversed its trajectory, and came back down to below $30,000.yesterday as BTC traded above that coveted level for most of the day. Now, though, the cryptocurrency is beneath that line, and its market cap is down to $570 billion. Its dominance over the alts remains rather still at just over 44%.
Binance Coin touched $310 yesterday but sits $10 lower now after a minor daily decline. Similar decreases are evident from Ripple, Solana, Cardano, Dogecoin, Avalanche, and Shiba Inu. Polkadot has lost the most in the past 24 hours. A 6.5% drop has pushed DOT to just over $10. TRON and Litecoin are among the few larger-cap alts with minor increases.Cryptocurrency Market Overview. Source: Quantify Crypto
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