Bitcoin tried its hand at taking down $27,500 yesterday once again but was rejected and pushed back down south.
Most altcoins are also in the red today, with ETH slipping below $1,900. XRP, on the other hand, is up by just over 2% in a day.Despite the positive start last week, which took BTC up north to a three-week high at $28,500, the seven-day period didn’t end all that well for the asset. It tumbled on Friday to a weekly low of $26,500 but managed tospending
most of it at around $27,000. It initiated a leg-up that drove it to a multi-day high of just under $27,500, but the bears intercepted the move and didn’t allow any further increases. Just the opposite, bitcoin headed straight south, which drove it to its lowest position since Friday, below $27,000. Consequently, BTC’s market capitalization has declined by over $5 billion in a day to $520 billion. Its dominance over the alts has also taken another slight hit and is down to 45.8%.This is all you need not to miss any price action in the raging crypto markets.
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