After breaking below $20,000 yesterday, bitcoin kept nosediving and dipped to a 9-day low of just over $19,000. The altcoins seem quite stagnant on a daily scale, with ApeCoin being among the few exceptions with a 6% increase.Last week went positively for the primary cryptocurrency, which spiked to nearly $22,500 to mark a three-week high. However, that leg up was short-lived, and the asset began retracing shortly after.
Once the weekend came, bitcoin had calmed in a range between $21,000 and $22,000 and spent most of it there as the trading volume was missing. On Monday, though, BTC started to lose value rapidly and came just inches away from breaking below $20,000. While the bulls defended that price tag at first, the asset ultimatelyThe past 24 hours brought a bit more pain as bitcoin slipped to $19,200, which is a new 9-day low. As of now, though, it has recovered some ground and stands close to $20,000. Its market cap is back at $375 billion, while its dominance over the alts is just under 43%.
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