Bitcoin’s price soared to a multi-day peak of almost $62,000 yesterday but failed there, and the subsequent rejection drove it south by around four grand.
The altcoins have turned red on a daily scale as well, with ETH retracing by 4.5% to just over $2,600.The primary cryptocurrency had a volatile last week but managed to recover most of the losses by its end. On Friday, the asset had neared $63,000 after gaining more than $13,000 since the Monday low.
The weekend was relatively sluggish as BTC lost some ground and stood mostly in a range between $60,000 and $61,000. Monday started with a retracement again, but a lot less painful this time as bitcoin fell to just under $58,000.This is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:The cryptocurrency’s local low came hours ago at just under $58,000.
The biggest losers from the mid-cap alt cohort are TIA, WIF, and BRETT, all of which have declined by around 7-9%. The total crypto market cap is down to $2.160 trillion, which means that it has lost roughly $80 billion since yesterday.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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