Bitcoin’s mindblowing weekly rally drove the asset to a new all-time high of $90,000 but it failed to overcome that level and has retraced by several grand since then.
While most altcoins have lost some traction, PNUT has entered the top 100 assets by market cap after soaring by 200% in the past day alone.It was a wild seven-day trading period for bitcoin. It all started last Wednesday morning when Trump took a substantial lead in the US presidential elections. As his victory was solidified, the cryptocurrency broke its March all-time high of $73,737 and surged past $75,000.with an even more impressive surge that put bitcoin close to $90,000.
However, it couldn’t breach it, at least for now, and the rejections pushed it south by up to five grand at one point despite the significant inflows to the spot Bitcoin ETFs in the US.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, BTC trades at around $87,500. Its market cap has slipped below $1.740 trillion on CG, but its dominance over the alts has shot up to over 57%.
In contrast, most other altcoins have started to lose momentum. Ethereum has dumped by 6% in the past 24 hours and now struggles to remain above $3,150. SOL, BNB, and TON have posted similar declines, while AVAX, ADA, DOGE, SHIB, and AVAX are down by up to 14%.Use this linkDisclaimer: 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.
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