Bitcoin’s price troubles continued in the past 24 hours as the asset dropped below $62,000 and $61,000 to chart a 6-day low.
Interestingly, not all altcoins have followed BTC on the way south, as some, such as TON and RNDR, have posted impressive gains of around 7% each.The primary cryptocurrency had a strong end to the previous week when it jumped from under $59,000 to $62,000 on Friday and kept climbing during the weekend to almost $64,000.
After failing to overcome that line at first, the asset initiated another leg up on Monday that resulted in soaring past $65,000 and tapping a 12-day high of $65,500. However, the bears wereJust the opposite, BTC started losing value in the next few days as it first dropped to $63,500 before theon Wednesday. The landscape worsened in the past 24 hours as bitcoin dumped once again, falling below $61,000 for the first time in nearly a week.
Binance Coin and Cardano, though, have added over 3% of value in the past day. As a result, BNB sits at $600, while ADA is at $0.45. Toncoin has emerged as the top performer from the larger-cap alts, having gained 7% on a daily scale. Consequently, TON trades above $6 now.Nevertheless, the total crypto market cap has shed another $20 billion and is down below $2.4 trillion. The metric has declined by about $170 billion since Monday.
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.
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