Bitcoin and most altcoins have bounced off after yesterday’s bloodshed. NEAR has gained the most from the larger-cap alts.
After marking the multi-week low yesterday, bitcoin reacted well and spiked by almost $2,000 in the following hours. Most altcoins are also slightly in the green following the recent corrections. NEAR Protocol leads the way with a double-digit daily increase.After failing at $41,000 last week, bitcoin started its rapid descent and found itself trading below $38,000 just a day later. The bulls stepped up at this point and pushed the asset north.
Just the opposite, BTC slumped once more and remained below $39,000 for a few days. Another price decline came yesterday when the assetThe bulls intercepted this move once more and drove bitcoin north. This time, the cryptocurrency jumped to $39,000 and currently sits just a few hundred dollars south of that line.
Its market capitalization now sits at $740 billion, while its dominance over the altcoins is above 42%, as most of them have suffered even most in the past week or so.This is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day: