Bitcoin’s price finally touched the coveted $70,000 level yesterday but experienced a massive rejection that pushed it south by over four grand.
The altcoins have also turned red on a daily scale, propelling a $100 billion decline in the total crypto market cap.It was last Thursday when the bears seemed in complete control of the market as they drove bitcoin south hard from over $67,000 to a multi-day peak of under $63,500. However, the bulls came out of the woods at that point and didn’t allow any further declines. In fact, BTC reversed its trajectory and started to gain traction, which culminated in a price surge to over $69,000 on Saturday as the community was preparing for the Bitcoin Conference in Nashville and Donald Trump’s speech., volatility ensued and BTC fell by $3,000, bounced off to its starting position, and returned to $67,200.
ETH XRP, TON, TRX, SHIB, and LINK are also in the red, but in a less painful manner. JUP, TAO, WIF, BONK, AR, and ICP have lost more than 5% in the past day. The total crypto market cap tapped $2.6 trillion yesterday but dumped by over $100 billion to its local low today.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.
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