Bitcoin’s underwhelming price actions continue as the asset failed to maintain above $61,000 and has headed toward the coveted $60,000 support level.
The altcoins are in a similar state, with DOGE, ADA, SHIB, LINK, PEPE, NEAR, and others dropping by more than 3% in the past day alone.The weekend went in a familiar fashion as BTC’s price had stalled at just over $64,000. The lack of any action on the ETF front resulted in little to no volatility on Saturday and Sunday.
The landscape changed for the worse on Monday when the bears stepped up on the gas pedal. In a matter of hours, they pushed the cryptocurrencyThis is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:Since then. bitcoin has retraced by nearly two grand and now sits well below $61,000. Its market cap has dropped below $1.2 trillion once again, and its dominance over the alts has taken a hit to 50.6% on CG.
However, DOGE, ADA, LINK, SHIB, NEAR, and PEPE have declined by more than 3% within the same timeframe. FET, on the other hand, has plummeted by 11% to under $1.55.Use this linkDisclaimer: 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.
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