After several days of trading sideways and mostly losing value, BTC’s price went on the offensive in the past 12 hours or so and even neared $60,000.
The altcoins are also slightly in the green today, with more impressive gains coming from the likes of BNB, SOL, XRP, and DOGE.The past week didn’t go well for the primary cryptocurrency, even though it started quite positively, with a surge to just over $65,100. However, the bears came out of the woods and didn’t allow any further increases.
Just the opposite, bitcoin started to lose ground fast and had dumped to $58,000 by Wednesday. After another unsuccessful breakout stopped at $61,000, the asset retraced even further. Thisin a price drop to under $57,200 recorded yesterday, which became its lowest level in about two weeks. Perhaps the most probable reason behind these declines was the
The bulls finally stepped up at this point. They initiated a leg-up that pushed the cryptocurrency to just under $60,000 earlier today. Nevertheless, it failed to overcome that level and the subsequent rejection has driven it south by about a grand.This is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:Its market cap has increased slightly to $1.160 trillion, but its dominance over the alts is down to 53.9% on CG.
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