Bitcoin’s underwhelming price performance continues as the asset slumped below $58,000 once again and has barely recovered to just over $59,000.It wasn’t a good week for the primary cryptocurrency despite some promising signs at first. Recall that the asset skyrocketed last Friday from $60,000 to over $64,000 by Saturday on the heels of positive developments on US soil. Moreover, it jumped to a three-week high above $65,100 on Monday, but that’s when everything started to go wrong.
Most larger-cap alts have mimicked BTC’s performance as of late. That means there’s not much action going on, but most are in the red. SOL, TON, SHIB, and AVAX are down by just over 1%, while TRX, ADA, and NEAR have declined by up to 3%. However, FET and AAVE have taken the spotlight, with price gains of 6-8%. FET has neared $1.2 after its daily surge, while AAVE is above $132.
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