Bitcoin’s price actions drove the asset to over $62,000 yesterday, but it failed to maintain its run and has retraced to under that level as of now.It hasn’t been a good week for the primary cryptocurrency in terms of price action. The asset entered Monday at over $64,000 after a quiet weekend, which it spent at that level as well.
However, the bears didn’t wait long and initiated a massive leg down that drove bitcoin south hard. In a matter of hours, BTC slumped by several grand and dumped to $58,400 for the first time in almost two months. The bulls finally stepped up at this point and didn’t allow any further declines despite the warnings. BTC bounced off and quickly reclaimed the coveted $60,000 line andThis is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:slightly, but went on the offensive once again yesterday. Yet, to no avail, as the latest rejection pushed it back down to $61,500, where it stands now.
More gains come from the likes of Avalanche and Polkadot . AVAX has risen above $28, while DOT is now well over $6. Most other larger-cap alts are in the green as well, albeit in a more modest fashion. FET and TRX are among the few in the red.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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