Bitcoin took a swing at $47,000 but failed in its tracks and retraced by around a thousand dollars shortly after. Most altcoins are untypically stable, aside from Cardano. ADA charted an impressive daily increase and has returned within the top seven largest digital assets by market cap.It was precisely a week ago when bitcoin initiated a notable leg up, in which it spiked from below $45,000 to just under $48,000.
The bulls came to play at this point and pushed bitcoin north. In a matter of hours, the cryptocurrency had recovered most losses and was close to $47,000 once again. After another brief retracement in the past 24 hours, BTC shot up above that particular level, but the bears intercepted the move and drove it south.
As of now, BTC stands at just over $46,000, and its market capitalization has remained well below $900 billion.This is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:
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