Bitcoin failed at tapping $29,000 yesterday, and the subsequent rejection brought it back down by almost a grand.
Most alternative coins have also turned red today, with some, such as DOGE, LDO, and ARB, dropping hard.This week started with a familiar note, with bitcoin slumping to $27,200 after FUD regarding Binance. However, as the exchange’s CEO refuted the claims that he was issued a Red Notice by Interpol, and it turned out to be fake news, the cryptocurrency started gaining value and erased all recent losses.
It jumped to over $28,000 almost immediately before the bulls initiated another leg-up that brought up all the way up to $28,800 . As they were preparing to challenge $29,000, the situation reversed, and BTC started losing value once again, even after MicroStrategy’s latestAs of now, the cryptocurrency trades roughly a grand lower as it just dipped beneath $28,000. Its market cap has slipped to $540 billion, while its dominance over the altcoins is at 45.7%.