Bitcoin’s price dumped to under $69,000 yesterday, but the bulls quickly intercepted the move and initiated another leg up that resulted in yet another new all-time high.BTC’s Latest ATH Came After Retracement
It was a little over a week ago when Bitcoin had calmed at around $61,000-$62,000. However, that all changed on Monday when the asset blew past the latter and shot up to almost $69,000. A day later, that 2021 ATH fell, and BTC charted a new one at $69,300. A massive rejection followed, pushing the cryptocurrency south by about ten grand. Yet, the bulls helped BTC recover almost all losses, and Bitcoin was back at it again by Friday when it pumped above $70,000 for the first time ever.
Another rejection came, but this time, it was less violent. After a relatively quiet weekend, Bitcoin began to climb this Monday as well and soared to a fresh ATH of almost $73,000. The scenario repeated yesterday when the bears drove it south once again to a multi-day low of under $69,000.This is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:, and this retracement didn’t last long.
With most other lower- and mid-cap alts trading well in the green, the total crypto market cap has gained over $70 billion overnight and is above $2.9 trillion for the first time in over two years.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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Bron: Crypto_Potato - 🏆 568. / 51 Lees verder »