After several days of heading north, bitcoin has finally calmed and lost some steam, with a price drop to around $34,000.
Most altcoins have declined even more. In the case of some, such as MATIC, DOT, AVAX, and UNI, the price drops are up to 6% in a day.It’s safe to say that the bulls dominated this week, at least for now. Following the relatively uneventful weekend, BTC pumped to and above $30,000 on Monday and kept going higher by the day’s end and on Tuesday morning.the primary cryptocurrency to a 17-month peak at $35,200.
Inevitably, a retracement followed, but it was quite short-lived as bitcoin started gaining value once more and challenged the $35,000 line once again on Wednesday. However, it was quickly rejected once again and has lost about a grand since then.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 $34,000.
The rest of the larger-cap alts have followed the example set by DOGE and SHIB today. Ethereum has dumped by over 4% and trades way below $1,800. Even more daily losses come from the likes of Polygon, Polkadot, Avalanche, Uniswap, HBAR, LDO, and APT – with declines of up to 7% in the case of LDO.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.
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.