Bitcoin’s price hit a multi-week peak at $66,000 yesterday, but the bears were quick to intercept the move and pushed the asset south by over a grand.
The altcoins are also in the red today, with SHIB, XRP, and XLM popping out as the biggest losers on a daily scale.After the negative start of the month, when BTC fell hard to under $54,000 on July 5, the cryptocurrency began its recovery rather immediately and jumped back to $58,000, where it stood for about a week.
The landscape changed last weekend after the failed assassination attempt against the pro-crypto US presidential candidate, Donald Trump. Bitcoin soared by a few grand immediately and even more – to $63,000 – on Monday., which was registered yesterday morning. However, the asset’s gains were halted at this point, and it started to lose some traction.This is all you need not to miss any price action in the raging crypto markets.
Shiba Inu is the other massive loser from the larger-cap alts. The second-largest meme coin is down by 8.3% and trades at $0.000017. ETH, DOGE, AVAX, DOT, LINK, and UNI are also in the red from this cohort of altcoins. The total cryptocurrency market cap, which has charted a multi-week peak of its own yesterday, is down by $40 billion to $2.490 trillion on CG.Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.