The primary cryptocurrency charted a fresh all-time high at almost $74,000 yesterday, but the bears stepped up and pushed it south to a weekly low.
The altcoins have also suffered badly over the past 24 hours, with double-digit price dumps from the likes of XRP, ADA, AVAX, DOGE, and SHIB.Bitcoin’s price trajectory had been nothing short of spectacular in the past several weeks. After breaking above $50,000, the asset has looked only north, which culminated last week in breaking the 2021 all-time high of $69,000.
However, BTC was just getting started and kept climbing after recovering from the almost inevitable correction. As a result, the cryptocurrency skyrocketed to over $70,000 at the end of last week and all the way up to $73,900 yesterday morning, which became its current all-time high.This is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:As of now, the asset has recovered some ground and stands inches above $67,000.
More pain comes from the likes of Cardano, Avalanche, Dogecoin, Ripple, Polkadot, Polygon, Toncoin, and Shiba Inu. All these assets have declined by double-digits in the past day. With most other mid- and lower-cap alts in a similar state, the total crypto market cap has lost over $250 billion in a day and is down to $2.650 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.