Bitcoin’s price failed to overcome the $71,000 level decisively and has been pushed down to just under $70,000 as of now.
However, the altcoins have retraced even more on a daily scale, which has pushed the BTC dominance to almost 50%.The primary cryptocurrency added over seven grand in the middle of last week after the latest FOMC meeting. However, that rally was short-lived, and the asset quickly returned to $62,500 by Friday.
The bulls tried to recover some ground during the weekend, and the attempt saw a minor success as BTC went as high as $66,000 before retracing to $64,000. Once Monday arrived, though, the landscape changed and Bitcoin started gaining traction at the end of the day.by several grand and went as high as $71,000. A day later, BTC pushed even higher and tapped a multi-week peak of $71,600 amid.
The second-largest digital asset is down by 3% and sits at $3,550. Binance Coin, Solana, Ripple, and Cardano have retraced by somewhere between 3-5%.The total crypto market cap has shed more than $50 billion since yesterday’s peak and is down to well below $2.8 trillion on CG.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.
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.
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