Bitcoin tried its hands at $44,000 hours ago but was stopped in its tracks. Most altcoins are slightly in the green, with Cardano standing out as the biggest gainer from the larger-cap ones with an 8% increase.It was just a couple of days ago when the primary cryptocurrency tapped a weekly high at $44,500 following an offensive from the bulls trying to recover most losses from the previous week.
However, the bears came to play and didn’t allow any further increases. Just the opposite, BTC started to lose value rapidly and dumped by $2,500 in hours. This resulted in breaking below $42,000 for the third time in less than seven days.yesterday. It dipped below that line once more in the following hours before it initiated another leg up which resulted in nearing $44,000, but to no avail.
As of now, BTC stands around $43,000 once again, and its market capitalization sits above $800 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: