Bitcoin tried its hand at decisively reclaiming $44,000 but failed and sits just below it as of now. Most altcoins produced more significant gains, with the two largest memecoins leading the pack. Dogecoin and Shiba Inu are both up by around 13% on a daily scale.Last week finished on a bearish note as bitcoin’s correction drove it from $48,000 to around $41,000 in days.
However, it bounced off immediately and recovered more than $2,000 of value in hours. As reported yesterday, BTC continued heading upwards and even briefly touched $44,000 after the USAfter a brief retracement, BTC spiked above $44,000 and tapped $44,250, which became its highest price tag since the correction started last Wednesday.
As of now, though, the asset has failed to remain north of that line and stands just shy of it. Nevertheless, its market capitalization is well above $800 billion.This is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:
I really wouldn't call 13% to be exploding 😆
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