Bitcoin shot above $101,000 yesterday evening but was rejected once again and pushed south by a couple of grand.
The altcoins are also in the red today following the weekend gains, with XRP and DOGE being among the poorest performers on a daily scale.toward the spot Bitcoin ETFs in the States, the primary cryptocurrency was finally able to break into six-digit territory last week. Recall that the asset exploded to a new all-time high of $103,650 on Thursday after gaining about $8,000 in a day.
The bears were quick to intercept the move and pushed the cryptocurrency south hard. BTC dumped by over ten grand in hours, causing a cascade of liquidations in the process. However, it bounced off and started to reclaim ground on Friday and during the weekend.came at $102,000 on Friday and $101,300 on Sunday evening. However, both attempts were faced by rejections that drove the asset south. As of now, bitcoin stands shy of $99,000 after a minor daily decline.
The cumulative market capitalization of all cryptocurrency assets has dropped by roughly $100 billion since yesterday and is down to $3.750 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. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.
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Bitcoin (BTC) Consolidates at $93K, Altcoins Try to Break Out (Market Watch)Crypto Blog
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